Today’s news:

Apartment manager stole $950: Brown

FOREST HILLS — The former managing agent of five apartment buildings in western and southern Queens has been charged with allegedly embezzling nearly $950,000 in tenant maintenance fees, Queens District Attorney Richard Brown said this week.

Michael Richter, 50, of Manhasset, L.I., has been charged with five counts of grand larceny and five counts of falsifying business records after he allegedly stole the money from residents in Jamaica, Rego Park, Forest Hills and Elmhurst between January 2004 and August 2009, according to the DA.

Richter and his company, the now-closed Charter Management Realty, worked as the management agent for the Queens apartment buildings, the DA said. As such, building tenants were required to remit their monthly maintenance payments directly to Charter Management, which then allegedly deposited the funds in a bank account. The funds were intended to cover the monthly expenses for each building, such as staff salaries, water bills, insurance, heat and other expenses.

But the DA said Richter instead allegedly stole about $949,877 from the account and falsified the business records of each building by allegedly sending out annual accounting reports that covered up the thefts.

Pin It
Print this story

Reader Feedback

Enter your comment below

By submitting this comment, you agree to the following terms:

You agree that you, and not TimesLedger.com or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to TimesLedger.com the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.

CNG: Community Newspaper Group