The former chief financial officer of a San Francisco nonprofit was in court Thursday related to charges that he embezzled nearly $4 million from the organization.
City prosecutors allege that Greg Colley, 48, of Sausalito, took $3.9 million from the Music Concourse Community Partnership, a local group that is in charge of operations at a parking garage near the de Young Museum in Golden Gate Park.
On Thursday, Colley agreed to appear back in court Sept. 23, when a judge will set a date for a preliminary hearing in the case. Colley’s charges include embezzlement, laundering and identity theft.
He could face up to nearly 15 years in prison if he is found guilty on all the charges. Currently, he is being held in custody in lieu of $1.5 million bail.
Colley allegedly admitted to embezzling the funds in February, and on August 1 he was arrested in Oregon and extradited to San Francisco in connection with the crimes.
Sam Singer, a spokesman for the MCCP, said the organization is seeking Colley’s house in Marin County and some of his investment capital as restitution for the missing $3.9 million.
The MCCP has reached a negotiation with the garage’s building contractor to extend its payment schedule in light of the stolen money situation, and the opening of the nearby Academy of Sciences building next month should amount to a steady stream of parking income, Singer said.
Colley’s lawyer, Julia Mezhinsky Jayne, said Thursday that she couldn’t comment on the matter of restitution other than to say the details would be worked out in the future.