Published: Feb 13, 2014 3:15 PM EST
Updated: Feb 13, 2014 3:27 PM EST

COLLIER COUNTY, Fla.- The former controller for the Vineyards Development Corporation in Naples was indicted today for allegedly embezzling $2,380,465.11 from the company.

Alfred W. Lenz, 68, of Michigan, faces three counts of wire fraud.

Lenz was the controller for the Vineyards from March 31, 2005 until April 27, 2012. 

He allegedly used the money to buy real estate and for other personal expenses. Lenz reportedly used his position to hide 87 $24,000 check payments, totaling $2,088,000, to an account which he controlled. Lenz is accused of making false entries in the VDC books and concealing the true nature of these check payments. He also allegedly caused seven wire transfers, totaling $292,465.11, to be sent from VDC’s bank account, into a bank account that he controlled.

The United States intends to forfeit a house in Montague, Michigan, and the contents of a Charles Schwab Retirement Account, which are alleged to be traceable to proceeds of the offenses. In addition, the United States is seeking a money judgment in the amount of $2,380,465.11, the proceeds of the wire fraud scheme. 

If convicted, he faces a maximum penalty of 20 years in federal prison on each count.