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Press Release

Former Treasurer Admits To Stealing Money From Charlotte Area Non-Profit Employer And Pleads Guilty To Charges

For Immediate Release
U.S. Attorney's Office, Western District of North Carolina

CHARLOTTE, N.C. – The former Treasurer of a Charlotte area non-profit organization appeared in court today and admitted to stealing more than $344,262 from his employer, announced Jill Westmoreland Rose, U.S. Attorney for the Western District of North Carolina.  Floyd Kevan Weaver, 53, of Rock Hill, S.C. pleaded guilty to one count of uttering counterfeit and forged securities before U.S. Magistrate Judge David C. Keesler.

U.S. Attorney Rose is joined in making today’s announcement by Thomas L. Noyes, Inspector in Charge of the Charlotte Division of the U.S. Postal Inspection Service.

According to filed court documents and today’s court proceedings, from 2000 to 2013, Weaver was employed by a non-profit organization located in Charlotte.  As the non-profit’s elected Treasurer, Weaver was responsible for the organization’s financial affairs and acted as custodian of its funds.  Weaver admitted in court today that from 2008 to 2013, he engaged in a scheme to defraud his employer by fraudulently diverting the organization’s funds for his personal benefit.

According to court records, Weaver executed the scheme by forging the name of one of the non-profit’s officers on the organization’s bank checks and depositing those checks into his own bank account.  To conceal the fraud, Weaver mischaracterized the stolen funds as travel expenses, mileage reimbursement, office supplies and postage.  Weaver admitted that he forged approximately 116 checks totaling more than $326,545.  Weaver also admitted to using the non-profit’s debit card to steal more than $17,717 for his personal use.  Court documents show that Weaver used the stolen money to purchase jewelry and a car, among other things.

Weaver was released on bond following his guilty plea.  The charge carries a maximum prison term of 10 years and a $250,000 fine.  As part of his plea agreement, Weaver has agreed to pay restitution, the amount of which will be determined by the Court at sentencing.   A sentencing date for the defendant has not been set yet.

The investigation was handled by the USPIS.  The prosecution for the government is being handled by Assistant United States Attorney Jenny Sugar of the U.S. Attorney’s Office in Charlotte.

Updated October 19, 2015