Truckee Vacation Property Management embezzler sentenced
TRUCKEE, Calif. and#8212; Dean Clark of Truckee-based Vacation Property Management has been found guilty of 16 felony counts of grand theft.
Clark, along with his business partner Lori Koester, were wanted for 46 felony counts involving their practices with local ski leases, dating back to May 2007 when property owners said Clark and Koester hadn’t paid rental fees or security deposits valued at about $150,000.
Clark fled to Costa Rica last year, where he was held in custody from October until being extradited in February. He pleaded guilty on June 23 in Nevada County Superior Court in Truckee to the 16 counts, said Deputy District Attorney Bill Cornell.
His sentencing includes one year of local jail time, which includes time spent in a Costa Rican prison, probation terms including restitution to those he embezzled from, $3,915 in fines and the threat of state prison time if he doesn’t comply with his probation, Cornell said.
In exchange for Clarkand#8217;s plea, charges were dismissed against Koester, Cornell said.
and#8220;I can’t say I’m happy with the sentencing, but I am happy state prison time is hanging over his head, and I am hopeful we can recover at least a portion of the money he embezzled,and#8221; Cornell said. and#8220;You have to look at the reality of prison overcrowding and the reality that he has no criminal record.and#8221;
Cornell said having Clark not go straight to state prison makes restitution for his victims more likely.
and#8220;If he goes to state prison initially, the chances of collecting restitution are almost nil,and#8221; Cornell said.
Instead, Clark must look for work to pay back the $150,000 and come back to court every six months to show he’s making an effort to be employed, Cornell said.
and#8220;He’s ordered to tell any future employer he’s guilty of 16 counts of grand theft, he can’t have access to anyone’s trust fund account, financial information, no handling of money or credit information,and#8221; Cornell said.
So far Clark has paid back about $12,500, Cornell said.
If he fails to meet these terms, he could face four to five years of state prison, Cornell said.
For more about this case’s history, click the following links to Sierra Sun articles written in 2008 and 2009, respectively:
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