Courtesy of The Herald-Tribune
August 20, 2012
SARASOTA COUNTY - The former treasurer of the Osprey Homeowners Association has been charged with theft.
|Sheriff's deputies arrested Charles Nichols, 69, of 1817 Highland Road, Osprey, on charges of taking thousands of dollars from the homeowners association.
According to reports, an investigation found that Nichols, who was the association treasurer between 2007 and 2011, issued himself at least 33 checks totaling $7,448 without any legitimate reason or
known business purpose.
The current president of the HOA told detectives these actions
left the association deeply in debt, but once control was taken
away from Nichols, the financials were restored and accounts are
now in good standing.
Nichols is charged with one felony count of larceny. He was
booked into the Sarasota County Jail Thursday and released after
posting $1,000 bond.