Manhattan District Attorney Cyrus R. Vance, Jr., today announced the indictment of CHRISTOPHER MYLES, 45, a former bookkeeper, for stealing approximately $1.3 million from his previous employer, Central Park Realty Holding Corp., and three affiliate companies. The defendant is charged in an indictment in New York State Supreme Court with Grand Larceny in the First, Second, and Third Degrees, Criminal Tax Fraud in the Second, Third, and Fourth Degrees, Offering a False Instrument for Filing in the First Degree, and Petit Larceny.
“This individual is accused of stealing more than $1 million from his incapacitated employer after she suffered a debilitating stroke,” said District Attorney Vance. “Christopher Myles allegedly used the stolen money to purchase furniture, go on shopping sprees at Tiffany & Company and Swarovski, take vacations, and even purchase a new home upstate, while also paying his mother’s bills and expenses. I want to commend the victims for coming forward, and the prosecutors in my Office’s Financial Frauds Bureau for their investigative work on this case involving an extremely vulnerable victim.”
According to the indictment and documents filed in court, from December 2002 to November 2013, MYLES was employed as a bookkeeper for the Manhattan-based Central Park Realty Holding Corp. and several of its affiliate companies: Walton Estates Inc., Rebaco Realty Holding Company N.V., and Lomar Inc. In this role, MYLES oversaw the finances related to Manhattan properties held by these businesses and reported directly to the President of the company.
In May 2010, the President of Central Park Realty Holding Corp. suffered a stroke and was in a comatose-like state until her death in February 2012. Beginning in September 2011, MYLES allegedly began using her credit cards to pay for his own personal expenses. A few month later in 2012, MYLES is accused of siphoning funds from her personal bank account for his expenses and the expenses of his mother. Once that bank account was depleted, MYLES allegedly transferred money from several business accounts that he managed into the victim’s personal account, before subsequently transferring it into his own personal accounts. On several occasions, he allegedly transferred money directly from the business accounts into his personal accounts and accounts belonging to his mother. To cover this fraud, MYLES allegedly provided the family of the victim with falsified bank statements, disguising these unauthorized transfers as business expenses.
In November 2013, MYLES resigned, a few weeks later, his replacement discovered fraudulent invoices MYLES allegedly created that disguised large money transfers and reported it to company management. A detailed audit was conducted and MYLES’ theft was uncovered.
In addition to allegedly concealing the diversion of the money from the businesses and the family of the victim, MYLES is also charged with failing to report the diverted funds as income on his tax returns in 2011, 2012, and 2013.
Assistant District Attorney Lisa Zito is handling the prosecution of the case, under the supervision of Assistant District Attorney Archana Rao, Principal Deputy Chief of the Financial Frauds Bureau, Assistant District Attorney Michael Sachs, Chief of the Financial Frauds Bureau, and Executive Assistant District Attorney David Szuchman, Chief of the Investigation Division. Paralegal Ellen Choi, Financial Investigator Brian Crowe, and Rackets Investigators Jose Vasquez, Patrick Ludlow and William Burmesiter are providing additional assistance with the case.
District Attorney Vance thanked the New York State Department of Taxation & Finance, and the members of the Amherst Police Department, including Lieutenant Lucey, and Officers Edwards and Preston for their assistance with the case.
CHRISTOPHER MYLES, D.O.B. 10/2/1969
East Amherst, NY
• Grand Larceny in the First Degree, a class B felony, one count
• Grand Larceny in the Second Degree, a class C felony, one count
• Criminal Tax Fraud in the Second Degree, a class C felony, one count
• Grand Larceny in the Third Degree, a class D felony, three counts
• Criminal Tax Fraud in the Third Degree, a class D felony, one count
• Offering a False Instrument for Filing in the First Degree, a class E felony, three counts
• Criminal Tax Fraud in the Fourth Degree, a class E felony, one count
• Petit Larceny, a class A misdemeanor, one count
 The charges contained in the indictment are merely allegations, and the defendant is presumed innocent unless and until proven guilty. All factual recitations are derived from documents filed in court and statements made on the record in court.