Gurnee homeowner's association treasurer charged with theft
A Gurnee homeowner's association treasurer has been charged with stealing more than $10,000 from the organization's bank accounts, police said Wednesday.
Brian W. Moy, 59, who was treasurer of the Providence Village Homeowners Association, was charged with one felony count of theft over $10,000 in value but under $100,000 in value, according to a Gurnee Police Department news release.
Police said they conducted a five-month investigation into "financial irregularities" after an association board member discovered a "substantial amount of money" appeared to be missing from the board's accounts.
That board member, Susie Nustra, said when she became board president in April 2013, she asked to see the association's financial reports. As a CPA, Nustra said it soon became clear that funds were missing.
"The funds are missing and he was the one in control of those funds," Nustra said.
She said the volunteer board represents homeowners in the 381-single-family home subdivision, located west of O'Plaine Road between Washington Street and Route 120.
A felony arrest warrant was issued by the Lake County state's attorney's office against Moy, who had been the association's treasurer since 2004. Moy turned himself into police on Jan. 31, and he was processed and released after posting the required 10 percent of a $50,000 bond.
If found guilty, Moy faces between three and seven years in prison and a maximum fine of $25,000.
He is due in court Feb. 21.
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