The former head of a Phoenix-area property management company accused of stealing nearly $1.3 million from homeowners associations has agreed to a plea deal to spare his wife prosecution.

According to court documents made available Monday, Harlow White has agreed to plead guilty to one felony charge of transactional money laundering.

He and his wife were indicted last year on other charges including conspiracy to commit money laundering.

Under the proposed agreement, the indictment against Nancy White would be dismissed. Other charges against Harlow White would also be dropped.  Read more: