Rock Hill man pleads guilty to embezzling from nonprofit employer

A Rock Hill man admitted in federal court this week to stealing more than $300,000 from a North Carolina nonprofit, according to the U.S. Attorney’s Office.

Floyd Kevan Weaver, 53, pleaded guilty to one count of uttering counterfeit and forged securities, U.S. Attorney Jill Westmoreland Rose said in a statement. A sentencing date has not been set.

Weaver was the elected treasurer of a Charlotte-based nonprofit – identified in court records only as “Victim A” – from 2000 to 2013, according to the release. He admitted in court this week to embezzling money from the nonprofit and using it for his personal benefit from 2008 to 2013.

Weaver forged the signature of one of the nonprofit’s officers on the organization’s checks, court records show, depositing 116 checks totaling more than $326,545 into his own bank account. To conceal the fraud, he mischaracterized the stolen money as travel expenses, mileage reimbursement, office supplies and postage.

Court documents show Weaver used the stolen money to buy jewelry and a car, among other things. He also admitted to using the nonprofit agency’s debit card to steal more than $17,000 for personal use.

Weaver was released on bond after his plea. He faces up to 10 years in prison and a $250,000 fine. As part of his plea agreement, Weaver agreed to pay restitution, the amount of which will be determined by a judge.

This story was originally published October 21, 2015 at 1:11 PM with the headline "Rock Hill man pleads guilty to embezzling from nonprofit employer."