Former Treasurer Sentenced To Two Years For Stealing Money From Charlotte Area Non-profit Employer

CHARLOTTE, N.C. – The former Treasurer of a Charlotte area non-profit organization was sentenced on Tuesday, January 19, 2016, to 24 months in prison for 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 Charlotte, was also sentenced to two years of supervised release and was ordered to pay $344,262.71 as restitution.  Weaver pleaded guilty to one count of uttering counterfeit and forged securities in October 2015. 

U.S. Attorney Rose is joined in making this 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 court proceedings, from 2000 to 2013, Weaver was employed by a Charlotte-area non-profit organization.  As the non-profit’s elected Treasurer, Weaver was responsible for the organization’s financial affairs and acted as custodian of its funds.  Weaver previously admitted 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 and the sentencing hearing, Weaver forged the name of one of the non-profit’s officers on the organization’s bank checks and deposited the forged checks into his own bank account.  He concealed the fraud by logging the stolen funds as travel expenses, mileage reimbursement, office supplies and postage.  According to court records, Weaver forged approximately 116 checks totaling more than $326,545, and also used 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 will be ordered to report the Federal Bureau of Prisons to begin serving his sentence.  All federal sentences are served without the possibility of parole. 

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.