CALIFORNIA – Ex-manager at Sun City retirement complex in Indio pays $125,000 in embezzlement case
The former general manager of an Indio retirement community accused of embezzling money from the development where he once worked paid $125,000 in victim restitution on June 4.
Ceasar Larrach, 47, was an employee of Associa, the for-profit housing management company
contracted to oversee Sun City Shadow Hills. The Indio development includes 3,450 homes for people ages 55 and over.*
The Riverside County District Attorney alleged in a Jan. 19 complaint that Larrach stole about $104,000 from the Sun City Shadow Hills HOA between February 2015 and June 2017.
Larrach initially pled not guilty to three counts of grand theft, including an enhancement for fraud and embezzlement. But he reversed his pleading in May, and signed an agreement pleading guilty to all three of his charges and the enhancement. In addition to being ordered to pay $125,000 restitution, Larrach received a sentence of 36 months probation and 120 days custody, with electronic monitoring.
Kim Fuller, President of Sun City Shadow Hills’ board of directors, said Larrach arrived at the front gate of the community on Monday, June 4 with a cashier’s check for $125,000. Two staff members met him at the gate to receive the check. The staff told Fuller the meeting with Larrach was brief and amicable.
“If you’re asking if there was an apology,” Fuller said, “then no.”
Fuller said the community association is still negotiating with Associa/Desert Resort Management over an estimated $60,000 in costs the community incurred to investigate its financial accounts. Read: