The fired CEO of one of the largest condominium association management companies in Hawaii is accused of allegedly stealing more than $125,000 from three Oahu townhouse associations she managed.
The Honolulu Department of the Prosecuting Attorney filed the charges against Toni Ann Floerke in state court Thursday.
Floerke, also known as Toni Ann Floerke-Politsch, was charged with two counts of first-degree theft and 12 counts of second-degree theft.
First-degree theft is punishable by up to 10 years in prison. Second-degree theft carries a maximum five-year prison term.
Floerke was CEO of Certified Hawaii, which manages more than 500 condominiums and townhouses in Hawaii. A company spokeswoman said officials fired her in March 2012 after she confessed.
According to prosecutors, Floerke stole the money between January 2003 and February 2012, when a company account executive discovered the thefts and reported them to a senior manager.
The money came from the owner associations for Kekuilani Villas and Aeloa Terrace in Kapolei and Kulana Knolls in Royal Kunia.
Floerke allegedly had association checks issued to pay off personal expenses including $20,900 for koa furniture; $2,000 for new tires, $2,487 for auto repairs for her and her daughter’s vehicles, $7,786 for granite countertops for her home, $4,746 for a home security system and service plan, and $27,800 for gift certificates, prosecutors said.
She is also charged with making $10,409 in personal purchases using Kekuilani Villas’ Office Depot and Home Depot cards and City Mill account, prosecutors said.
Floerke spent thousands on others as well, including $3,000 for a concrete driveway for a friend and $4,400 for private music lessons for a relative, prosecutors said.
Floerke worked at Certified for 19 years and became its CEO in November 2007.
In 2012 a spokeswoman for Certified’s parent company, Associa, said the stolen money will be repaid to the associations.
