FLORIDA – Ex-Boynton Beach HOA treasurer admits to embezzling over $50,000

CCFJ.NET:  Ex-Boynton Beach HOA treasurer admits to embezzling over $50,000

Article Courtesy of The  Palm Beach Post

By Conner Mitchell

Published June 10, 2017

 

A former treasurer of a Boynton Beach homeowner’s association admitted Tuesday that he embezzled over $50,000 from the HOA, court records show.

Norman Glavas, 70, of Boynton Beach, pleaded guilty to one charge of grand theft over $20,000 and will serve 10 months in jail, 70 months of probation and repay $48,179.26 in restitution to the Quail Run Homeowner Association. Glavas committed the crime from 2012 to 2014.

According to his plea agreement, Glavas will return $31,000 to the association immediately in a lump sum payment through a trust controlled by his attorney. He will make $300 payments monthly to pay back the remaining amount after completing his jail sentence, and must remain employed until the entirety of the restitution is paid.

He also is required to serve 250 hours of community service and pay $250 in court fees.

Glavas was first arrested in May 2016 on charges of organized fraud, money laundering and grand theft. An arrest report shows that as treasurer of the homeowner association, Glavas made checks out to himself from the association’s funds.

He deposited 16 checks totaling $51,542.59 into three different bank accounts, perhaps attempting to conceal the illegal activity, police said.  Read more:

 

http://www.ccfj.net/HOAFLTreasEmbezz.html

Posted on June 10, 2017, in Uncategorized. Bookmark the permalink. Comments Off on FLORIDA – Ex-Boynton Beach HOA treasurer admits to embezzling over $50,000.

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