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Bank V.P., Youth League Treasure Faces 30-Years for Stealing Over $140,000

TAMPA – Rumors that CenterState Bank Senior Vice President, David Donato was under investigation for fraud have milled around Hernando County for months. Those allegations turned out to me more than just rumors, after the United States Justice Department released a statement yesterday, detailing an investigation that led to charges of Bank Fraud against Donato.

According to officials, Investigators with the Hernando County Sheriff’s Office and the U.S. Secret Service discovered that while Donato worked as Senior V.P. and Commercial Lender for CenterState Bank, he stole more $143,878.80.

Investigators say Donato served as treasurer for the Hernando County Youth League (HYL), where he had sole signature authority for the non-profits.

During a routine audit in 2015, CenterState Bank discovered suspicious activity dating back to 2011, where Donato had obtained lines of credit and loans in the name of HYL.

Investigators determined that by forging documents, Donato used $98,000 for personal expenses, including paying his mortgage, credit cards, cellphone and cable bill. Donato also wrote checks to himself, totaling $39,400 and cash withdrawals of $3,400.

The case will be prosecuted in Federal Court by U.S. Attorney Mandy Riedel, and if convicted, Donato could face up to 30 Years in Federal Prison.

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  • I don’t care where he is from, HYL is a great organization. If he’s guilty sentence him to the max

    Saturday, 19 September 2015, 3:53 pm
  • That banker was another hitalian from new york. He wont get more than 8 months. If you dont like florida. Please move. Why are all the fat out of shape complaining whiners from the north east.

    Saturday, 19 September 2015, 12:50 pm
  • I’ll take a good olé boy over a Springhill yankee any day of the week

    Friday, 18 September 2015, 7:00 pm
  • That’s why the good ole boys need to go….dumb ass redneck banker…I’m sure his asshole friends will stick up for him…

    Friday, 18 September 2015, 5:18 pm
  • His house and property should be seized and all assets from the sale go back to towhom to stole them from.

    Friday, 18 September 2015, 11:43 am
  • I agree DD stealing from kids,should be hung from the nads. No one should have sole signature authority for a not for profit organization.

    Thursday, 17 September 2015, 7:48 pm
  • What a scumbag, taking money from kids. And his punishment will be federal prison at the taxpayers expense. He needs to go to a labor camp where he can work and pay back everything he stole.

    Thursday, 17 September 2015, 11:29 am
  • Well here in. Florida after you get cought stealing enough money first thing is you get to be governer,so that you dont have to steal anymore we just hand over the keys to vault to you,

    Thursday, 17 September 2015, 9:47 am
  • Terry Forgatch,
    He used HYL name and credit and forged documents to secure lines of credit for personal use and gain. Who do you think PAYS OFF those lines of credit? He certainly did not, hence the “STOLE more than $140,000” statement. Not paying debt which was obtained via fraud, IS STEALING. And its a league for kids. Hence he stole from kids. Money to pay his debts should have been used to fund programs for the kids.
    Skinny, you were right. He stole from Kids.

    Thursday, 17 September 2015, 9:21 am
    • Hawkeye, are you saying that the organization has to pay the fraudulent debt? If they had nothing to with taking out the debt, how are they responsible for it? The way I understand accounting is that it would be a write-off for the lending institution(s), or covered by some sort of insurance that would cover fraud.

      Thursday, 17 September 2015, 11:04 am
      • You are right, but only because he got caught. Otherwise the organization (in this case HYL) would just be paying their monthly expenses which would include the forged items.
        I am only assuming since he had control of the funds (from story)”Investigators say Donato served as treasurer for the Hernando County Youth League (HYL), where he had sole signature authority for the non-profits.” that he was approving the payments for his own thefts.

        Thursday, 17 September 2015, 2:24 pm
  • Oh
    Okay I apologize
    He could run the IRS

    Thursday, 17 September 2015, 8:43 am
  • he used hyl on documents (loans) the article does not alledge any stealing from hl!

    Thursday, 17 September 2015, 8:19 am
  • Oh boy
    Stealing from kids
    He would make an excellent choice fer county commissioner

    Thursday, 17 September 2015, 7:44 am
    • @skinny…….I agree!

      Thursday, 17 September 2015, 8:00 am
    • No, school board member. We should probably check with Nicholson’s stripper to see if she had another client. Didn’t the bank pay him a salary? What did he do with that?

      Thursday, 17 September 2015, 11:07 am

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