Former CFO Sentenced to Prison for Embezzling More Than $3M

ST. PAUL (WJON News) – An Arizona man has been sentenced to two years in prison and full restitution after embezzling more than $3 million from his employer. According to court documents, 56-year-old David Katz was the former Chief Financial Officer (CFO) of Durand and Associates (“D&A”), a property management company that specialized in servicing homeowner associations (“HOAs”). Between 2012 and 2017, Katz embezzled over $3 million from D&A and its client HOAs.

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