Thursday, February 18, 2016

Hickory Woman Accused of Embezzling from Homeowners' Association

"56-year-old Kim Elaine Lofton of 12th Street Drive N.W. in Hickory was served a true bill of indictment by Hickory Police at about 5:40 Friday afternoon (February 12) on one felony count of embezzlement. The charge dates back to July of 2014 when representatives of the Manor House condominiums on 12th Street Drive N.W. reported issues with the president of their homeowners’ association. The reporting parties believed that homeowner’s fees were unaccounted for. An audit showed a shortage of $140,000. The losses occurred from the time Lofton initially served as president in 2008 until the alleged embezzlement was reported in 2014."