PLAINVILLE — Two men are facing several charges after police said they stole more than $275,000 from 26 condominium associations involving their now defunct property management company.
Back in March, Plainville officers started receiving complaints from several condo associations in Plainville and Bristol regarding missing funds from their bank accounts and other suspicious activity involving D&H Management.
With the assistance of fraud investigators from Farmington Bank and Webster Bank, Plainville detectives conducted an extensive investigation into the finances of the 26 condominium associations, Lieutenant Nicholas Mullins said in a statement. The investigation found that between January 2014 and March 2015, the owner of D&H Management, Devin Hill, 36, conducted 133 unlawful cash withdrawals, diverted 343 checks, and wrote 105 checks to a fraudulent account that he created, stealing $275, 527.51.
Police said they also discovered Hill received assistance from two co-conspirators including a former employee of D&H Management Dereck Cutone, 26. Police have not named the other suspect.
On Monday, Hill and Cutone were arrested. Hill is charged with larceny, conspiracy to larceny, and identity theft. He was released after posting a $150,000 bond. He is scheduled to appear in Bristol Superior Court on December 21.
Cutone is charged with conspiracy to commit larceny. He was released on a $5,000 bond and is scheduled to appear in Bristol Superior Court on December 21.
