Garner Police have arrested a Clayton woman on 25 counts of embezzlement. Diana Kelly, 54, was the owner and manager of Kornerstone Management, a business that was entrusted to manage numerous home owner associations in Johnston and Wake Counties. Over $800,000 is believed to have been stolen from the HOAs.
The Garner Police Department began receiving reports from the organizations in August about possible fraudulent activity with their bank accounts. Kornerstone represented more than 25 HOA’s but after a police investigation, only 25 victims had any actual monetary loss.
As part of the investigation, police executed two search warrants on August 11th, one at Kornerstone Management at 1300 Benson Road Suite 102 and the other at #1 Seven Oaks Drive in Clayton.
Investigators seized boxes of records from both locations believed to be related to their investigation. Police investigators worked with the Wake County District Attorney’s office as well as the North Carolina State Bureau of Investigations’ Financial Crimes Unit to go through the large amount of evidence seized before presenting the evidence to a Grand Jury.
Kelly was placed in the Wake County Jail under a $500,000 secured bond.