Thursday, February 20, 2014

Former Finance Officer Of Florida Resort Charged With Embezzling Nearly $2.4 Million

From MLive Media Group on 2/20/14:

A 68-year-old former financial executive for a Naples, Fla., resort community, now living in Montague, faces three counts of wire fraud for embezzlement of more than $2.3 million.

Alfred W. Lenz, 68 of 4876 Townsend Ct., was indicted by a federal grand jury in the U.S. Middle District Court of Florida in Fort Myers. He was taken into custody last week in Montague by federal authorities and faced charges in Florida before being released on a $10,000 unsecured bond.


According to the indictment, Lenz was the controller of the Vineyards Development Corp. in Naples, Fla., from March 2005 to April 2012. Between 2007 and 2010, while the corporation’s controller, federal prosecutors accused Lenz of embezzling $2,380,465 from his employer.

Lenz used the money to purchase real estate and for other personal expenses, according to Bentley.


Read the whole story here.

Update (1/10/2015): Lenz was sentenced to 57 months in federal prison.  See an update of the story here.

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