Fredrick D. Ziegler pled not guilty to five counts of felony theft in Larimer County District Court on Oct. 22. A trial date will be set on Oct. 31 by Judge Devin R. Odell.
The charges are based on Ziegler’s activities between March 2004 and August 2006 as a principal in ZWZ LLC, developer of the Wellington South-The Knolls subdivision.
Ziegler was arrested on April 30 by Larimer County deputies and posted a $10,000 personal recognizance bond.
The arrest warrant alleges that Ziegler and ZWZ co-mingled personal and business funds with money belonging to the Wellington South homeowners association. The 11-page document further alleges that Zeigler and ZWZ used HOA money to pay for improvements on property owned by the developers and that Ziegler withdrew in excess of $54,600 from the HOA account that was never replaced.
Ziegler, 67, faces two Class 3 felony counts of theft in an amount of $15,000 or more and three Class 4 counts of theft of between $500 and $15,000.
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