Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Deputies: Former New Smyrna Beach condo association president stole or misused $1 million (Florida)
, Daytona Beach News-Journal ^ | 2-8 | Story by Patricio G. Balona

Posted on 02/08/2025 8:35:13 AM PST by dennisw

The Volusia Sheriff's Office said it needs the public's help to find a former New Smyrna Beach condo association president they believe stole or misused $1 million using some of the money to buy himself specialty products that included acne cream.

Julius Bruggeman, 76, formerly of New Smyrna Beach, is wanted on charges of grand theft, organized scheme to defraud, and racketeering, the sheriff's office said in a Facebook post.

A seven-month investigation showed Bruggeman stole or misappropriated about $1 million from the New Smyrna Beach Club Condo Association over a 10-year period, investigating deputies said.

The complex is home to approximately 150 condo units. Association bank accounts collectively carried a monthly balance of over $700,000, and Bruggeman utilized those funds as if they were his own, sheriff's investigators said.

Expand article logo Continue reading

A detective from the sheriff's office Financial Crimes Unit started looking into residents' complaints in April that Bruggeman, president and manager of the association, was embezzling funds from the association's bank accounts, the agency said.

Search warrants were served at the Smyrna Beach Club Condo Association Office and at Bruggeman's condo unit where he lived for more than 10 years. Deputies seized multiple documents from the office but found Bruggeman's home empty, according to the online news release.

(Excerpt) Read more at msn.com ...


TOPICS: Business/Economy; Computers/Internet
KEYWORDS: florida; smyrnabeach
Navigation: use the links below to view more comments.
first previous 1-2021-26 last
To: spacejunkie2001

The acne cream is for his new wife ?


21 posted on 02/08/2025 9:18:16 AM PST by OldHarbor
[ Post Reply | Private Reply | To 17 | View Replies]

To: OldHarbor

He gave it to her for getting good grades in 9th grade!


22 posted on 02/08/2025 9:25:25 AM PST by spacejunkie2001
[ Post Reply | Private Reply | To 21 | View Replies]

To: Liz

Grandpa Walton! I always wanted to know where he went! \sarc\


23 posted on 02/08/2025 9:32:44 AM PST by Polyxene (Out of the depths have I cried unto thee, O LORD. Lord, hear my voice. Psalm 130)
[ Post Reply | Private Reply | To 14 | View Replies]

To: Harmless Teddy Bear

Nice.


24 posted on 02/08/2025 9:43:54 AM PST by FreedomPoster (Islam delenda est)
[ Post Reply | Private Reply | To 20 | View Replies]

To: John Milner; monkeyshine

This is why you need to get involved in condo boards, HOAs, and local government. The stuff matters, and if you’re not involved, idiots and/or crooks will be.


25 posted on 02/08/2025 9:49:35 AM PST by FreedomPoster (Islam delenda est)
[ Post Reply | Private Reply | To 8 | View Replies]

To: FreedomPoster
People think that embezzling is done by cold hearted crooks who came in planning to steal.

Usually not the case.

Usually done by someone who found themselves in just a little financial pinch and decided to borrow some of the cash to tide themselves over. They fully intend to pay it back and often even do so. The first few times. But once you start you don't stop. And you pay back a little bit less and not quite as quickly. You work hard and you are not paid enough and it is just a little bit....

Soon you have a mess that even if you wanted to clean up you can't and now you are afraid of being exposed. And that is just with the weak ones. If they have a secret heart of darkness thing going that they have suppressed because of a fear of punishment things get really bad.

If you have yearly audits they will not take the first unauthorized loan because they know they will have to explain it very soon.

26 posted on 02/08/2025 10:10:08 AM PST by Harmless Teddy Bear ( Not my circus. Not my monkeys. But I can pick out the clowns at 100 yards.)
[ Post Reply | Private Reply | To 24 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-26 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson