A Rock Hill man, who is the former treasurer of a Charlotte-based non-profit, has admitted to stealing more than $344,262.
Earlier this month, paperwork was filed in federal court against 53-year-old Floyd Kevan Weaver, of Rock Hill, for one felony charge of uttering a forged security.
According to the criminal complaint filed by federal prosecutors on Tuesday, Weaver served as treasurer of a Charlotte-based non-profit organization between 2000 and 2013.
Federal prosecutors allege Weaver embezzled $344,262.71 from the organization between 2008 and 2013. He admitted to these accusations in court Monday.
Weaver is also the subject of a civil lawsuit filed this summer by the North Carolina Health Information Management Association. An entry on the organization’s website says the civil suit was filed in June and had also spawned a criminal investigation.
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.
According to the criminal complaint, Weaver converted more than $17,000 worth of debit card transactions for his own use using the organization’s debit card.
Federal prosecutors allege Weaver used the money the money he stole to pay for a car and jewelry, 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 has not been set yet.
Weaver is also listed as an instructor in health information technology at Central Piedmont Community College. Weaver’s LinkedIn profile also says he works as a grant manager for CPCC.