A man accused of conspiring with the former manager of a San Mateo homeowners association to embezzle nearly $2.8 million is slated to turn himself in, prosecutors said Thursday.
Michael Anthony Medeiros, a 58-year-old Fremont resident, was wanted on a $1.6 million arrest warrant when, through his attorney, he agreed to appear in court Friday morning, according to prosecutors.
The surrender comes two days after Susan Marie Lambert, the former manager of the Woodlake Homeowners Association, turned herself in and pleaded not guilty to two felonies with multiple enhancements, including aggravated white-collar crime. Lambert and Medeiros allegedly conspired to embezzle millions of dollars from residents in the 990-unit condominium community.
Lambert, 64, was responsible for the association’s finances, which included an approximate $5 million annual budget, while she worked for the HOA for more than a decade.
Medeiros, the owner of Professional Painting Inc., conspired with Lambert who issued nearly 150 fake invoices for work that was never done, according to prosecutors. Lambert would write checks to Medeiros who would cash them in an account under his control. The duo would then split the money, prosecutors said.
The fraud was discovered by members of the homeowners assocation’s board of directors, which then fired Lambert from her position in September 2013. After a two-year investigation by San Mateo police and the San Mateo County District Attorney’s Office, the duo could now face nearly six years in prison, according to prosecutors.
Lambert was booked into county jail Wednesday on $1 million bail.