Former condo management head indicted on theft charges

The fired CEO of one of the largest condominium association management companies in Hawaii is accused of allegedly stealing more than $125,000 from three Oahu townhouse associations she managed.

The Honolulu Department of the Prosecuting Attorney filed the charges against Toni Ann Floerke in state court Thursday.

Floerke, also known as Toni Ann Floerke-Politsch, was charged with two counts of first-degree theft and 12 counts of second-degree theft.

First-degree theft is punishable by up to 10 years in prison. Second-degree theft  carries a maximum five-year prison term.

Floerke was CEO of Certified Hawaii, which manages more than 500 condominiums and townhouses in Hawaii. A company spokeswoman said officials fired her in March 2012 after she confessed.