Michigan man indicted for embezzling millions from Naples company
FORT MYERS, Fla. - A federal indictment was unsealed Thursday charging a Michigan man with embezzling $2,380,465.11 from Vineyards Development Corporation in Naples.
68-year-old Alfred W. Lenz faces three counts of wire fraud. Lenz faces a maximum penalty of 20 years in federal prison for each count.
Lenz worked as the controller for Vineyards Development from March 31, 2005 until April 27, 2012. The indictment alleges that Lenz embezzled the money to buy real estate and for other personal expenses.
The indictment says Lenz made false entries in the VDC books to conceal his thefts. The Justice Department plans to go after a house Lenz owns in Montague, Michigan and the contents of his retirement account.
The case was investigated by the United States Secret Service and the Collier County Sheriff’s Office, Economic Crimes Unit, with assistance from the Office of the State Attorney, Twentieth Judicial Circuit.