PALM BEACH COUNTY MAN CHARGED WITH THEFT
OF MONEY BELONGING TO ASSISTED LIVING FACILITY
Tom Gallagher, Florida’s chief financial officer, announced today that a
Palm Beach County man is facing felony charges for allegedly taking money
that should have gone toward the operation of a West Palm Beach assisted
living facility. The arrest stems from an investigation by the Department of
Financial Services’ Office of Fiscal Integrity.
Thomas Edward Kinsey, 63, surrendered on August 18 to the Palm Beach County
Sheriff’s Office on the charges of grand theft, second-degree, and filing a
fraudulent claim for unclaimed property, a third-degree felony. He was
booked into the Palm Beach County Jail and released after posting a $5,000
bond. If convicted on the charges, Kinsey faces up to 20 years in prison and
a $15,000 fine.
“Our investigators determined this individual took money that should have
gone toward the care of medically needy senior citizens,” said Gallagher,
who oversees the Department of Financial Services. “That is despicable, and
I commend our investigators for their diligent work in this case.”
Kinsey allegedly filed a claim in excess of $4,500 for unclaimed property
belonging to the Mangonia Residence Apartments, an assisted living facility
located on Australian Avenue, West Palm Beach. According to court documents,
Kinsey lost control of the facility in November 1998 following a legal
battle with his then-business partners. Over the course of several years
after his ouster from the project, investigators said Kinsey continued to
receive commission checks from laundry room vendors doing business with the
Mangonia Residence Apartments and ultimately deposited more than $17,000
belonging to Mangonia Residence Apartments into personal bank accounts in
his and his spouse’s name.
Kinsey is already facing trial for his previous arrest in May 2004 for the
grand theft of $500,000 in grant funds he received to build an assisted
living facility project he was developing on Haverhill Road in West Palm
Beach. That case was also investigated by the Office of Fiscal Integrity.