A criminal complaint states an accountant hired by Glenwood Lakes Area Chamber of Commerce in September 2018 discovered a $160 charge to Verizon on a city credit card issued to the former mayor, who was executive director at the time. Formo acknowledged the charge was for a personal expense and reimbursed the Chamber through two payroll deductions.
However, it prompted the Chamber to review activity on Formo’s credit card, and on Nov. 19, 2018, the Chamber reported suspicious activity dating back to 2012 to Glenwood Police, the complaint states.
Authorities found charges totaling $6,382.64 for personal goods and services, with purchases ranging from soft drinks, tobacco products and sports memorabilia to services from Verizon, Netflix, Esurance, Xcel Energy and Progressive.
When authorities interviewed Formo on Jan. 11, 2019, he said he knew the difference between acceptable and unacceptable uses of Chamber funds and noted many of the purchases he made were examples of unacceptable uses. The complaint states he also suggested he may have accidentally used the wrong cred card to pay bills.
Formo is scheduled to appear in court on Feb. 3.
If convicted on all charges, Formo could face a maximum penalty of 22 years in jail, a fine of up to $46,000 or both.