$528,000 Missing

THE ASSOCIATED PRESS
September 13, 2014

PROVIDENCE, Rhode Island — A Portsmouth man has been accused of embezzling nearly $528,000 from a Newport homeowners association at which he previously served as general manager.

Rhode Island State Police said Friday that 54-year-old Timothy Roche was arrested and charged with embezzlement over $100.

Authorities said they began investigating after getting a complaint from the Newport Bay Club Homeowners Association, which is a timeshare development.  Police allege that Roche issued 34 unauthorized checks, totaling $527,934, for his personal benefit between July 2008 and January 2013.

No one answered Friday at a telephone listing in Roche’s name.  Roche was arraigned and released on $1,000 personal recognizance. He’s due back in court on Oct. 23.

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