A Cartersville man is accused of writing bad checks and keeping almost $1 million in proceeds from boat sales in Hall County, according to authorities.
Timothy Paul Schwan, 42, is charged with seven counts of theft by conversion, two counts of theft by deception and two counts of department account fraud.
He was booked Monday in to the Hall County Jail, where he remains.
Authorities said they began investigating Schwan in June, as he worked at Holiday Boat Sales in Buford.
In April 2015, Schwan allegedly took possession of a houseboat worth $193,000 “with the agreement to buy or sell the boat for the legal owner,” Hall County Sheriff’s Office Lt. Scott Ware wrote in a news release.
“Schwan sold the boat to a third party for $310,000 and kept the proceeds,” Ware wrote.
Schwan is accused of doing the same with another houseboat worth $119,000 in August 2015, selling it to a third party for $117,500 and keeping the proceeds.
After selling a $285,000 houseboat in November 2015 at that price, Schwan allegedly wrote a check to the owner for that amount that later bounced.
Ware wrote that Schwan allegedly kept the proceeds after the sale of another boat in November 2015.
“Lastly, on or about March 21, 2016, Schwan took possession of a Starlite houseboat valued at approximately $240,000, with the agreement to buy or sale the boat for the legal owner,” Ware wrote. “Schwan sold the boat for $280,000 to a third party and wrote the lawful owner a bad check in the amount of $240,156.”
Ware said investigators are still trying to identify other victims.
Anyone with information is asked to call Investigator Doug Matthews at 770-533-7683.