Manager Pleads Guilty To Bilking Montco Condo Owners of $600K
By Brad Segall
PLYMOUTH MEETING, Pa. (CBS) -- The former general manager of a Montgomery County condominium complex has admitted in court that he stole nearly $600,000 in a scheme he was running with vendors and service providers over a nine-year period.
County prosecutors say Vincent Lopez (top left photo) had agreements with those vendors and service providers to purposely overcharge the condo association at the Plymouth Hill Condos in Plymouth Meeting, and then they would split the proceeds (see previous story).
Now, the 67-year-old Quakertown man has pleaded guilty to theft and related charges -- all felonies.
Montgomery County prosecutor Steven Bunn expects many residents to testify when Lopez is sentenced later this year.
"They're obviously very upset," he tells KYW Newsradio. "This is a man that they trusted as general manager, and to be stabbed in the back like that is something that's obviously pretty outrageous."
Bunn says Lopez used the money to live a lavish lifestyle, including a rental at the Jersey shore, trips to Florida, limos, and expensive dinners for friends.
He's facing a maximum of 17 to 34 years in jail, although the sentencing guidelines are much less.
Five co-conspirators are still moving through the court system.
