Former Lantana HOA president accused of stealing more than $300,000
Article Courtesy of The Palm Beach Post
By Julius Whigham II
Published November 22, 2016
LANTANA — The former president of a Lantana homeowners association was arrested Wednesday for allegedly misappropriating more than $300,000 from its accounts to pay his personal expenses.
William J. Cox Jr., 61, is facing one count of organized scheme to defraud and grand theft over $100,000. Authorities say Cox and another person stole an estimated $339,507.69 from the Lantana Homes Homeowners Association. A probable-cause arrest affidavit did not disclose the identity of Cox’s alleged accomplice.
Cox was released from the Palm Beach County Jail on Wednesday after posting $20,000 bail. He reportedly was the HOA president for 12 years for Lantana Homes, a single-family home community near Lantana Road and east of Jog Road.
Palm Beach County sheriff’s investigators say the alleged theft of funds occurred between September 2011 and March 2015, when Cox’s tenure as president ended.
An investigation was started in September 2015 when the new HOA president reported discrepancies in the community association’s financial recordsRead more: