The former president and vice president of the Estero-based Lovers Key Condominium board pleaded guilty Monday to first degree grand theft charges for stealing more than $290,000 from a reserve account of the condo association, according to the State Attorney's Office.
Charles Bennett, the former president of the board, was sentenced to 2 1/2 years in prison followed by 25 years of probation. Ken Marwick, the former vice president of the board, was sentenced to 2 years in prison followed by 10 years of probation.
The duo has already paid more than $100,000 in restitution, the State Attorney's Office reported. The rest must be repaid as part of their probation after their prison sentences are completed.
"The victims now know that those whom they put their trust in to manage the association's funds have been punished, and that they will be required to pay back to the association the funds that they stole," State Attorney Stephen Russell said in a prepared statement.
The charges against Bennett and Marwick followed an extensive investigation, which began in 2009 by investigators with the State Attorney's Office.