Floyd Kevan Weaver, Embezzlement, North Carolina 2015

A former treasurer for a Charlotte area non-profit organization has been sentenced to two years in prison for stealing over $344,000 from his employer. Floyd Kevan Weaver, 53, of Charlotte, was also ordered to pay $344,262.71 in restitution and serve two years of supervised release.

Weaver pleaded guilty in October 2015 to one count of uttering counterfeit and forged securities. He admitted to forging the name of one of the non-profit’s officers on bank checks and depositing them into his own account. He concealed the scheme 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 used the non-profit’s debit card to steal over $17,717 for his personal use. He spent the stolen money on jewelry and a car, among other things.

The investigation was handled by the U.S. Postal Inspection Service. Assistant U.S. Attorney Jenny Sugar prosecuted the case.

Weaver will be required to report to the Federal Bureau of Prisons to begin serving his sentence. All federal sentences are served without the possibility of parole.

This case serves as a reminder of the importance of transparency and accountability in non-profit organizations. The public has a right to trust that their donations are being used for the intended purpose, not to line the pockets of corrupt officials.

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