PALM BEACH — A Palm Beach condominium association's bank account was drained by nearly $100,000 in unauthorized transactions, leading investigators to a Michigan man who stands accused of money laundering and grand theft.

The Palm Beach Police Department (PBPD) said that on January 9, 2024, a property manager reported suspicious transactions on the condominium association's bank account, located at 315 South Lake Drive.

The property manager told PBPD that, upon reviewing the account statements, he discovered two unauthorized ACH credits totaling $0.54 from an unknown JP Morgan Chase account, along with a suspicious debit withdrawal of $99,900.00 that he did not authorize.

According to PBPD, their investigation traced the funds being transferred to a man identified as Jason Swoffer of Deckerville, Michigan.

On May 17, 2024, PBPD said that they subpoenaed records from JP Morgan Chase, revealing that on December 20, 2023, $99,900.00 had been deposited into Swoffer’s brokerage account, matching the unauthorized withdrawal from the condominium’s bank account.

The report states that further investigation found that just days later, on December 27, 2024, Swoffer, 48, withdrew $99,800.00 from this account, leaving only a small balance behind.

When contacted on May 30, 2024, Swoffer allegedly claimed he had no prior knowledge of the deposits and stated he was the only individual with access to the account.

Additional records revealed Swoffer had opened another checking account just months prior, where a deposit of $99,800.00 occurred, linking back to the original fraudulent transaction, per PBPD.

Jason Swoffer, 48, has been accused of stealing nearly $100k from a Palm Beach condominium association.

Moreover, on December 28, 2024, withdrawals from Swoffer's checking account showed significant amounts sent to a Cash App account in Swoffer's name. PBPD said that wire transfers totaling over $95,000.00 were made to various entities.

Swoffer was arrested on Monday and stands accused of money laundering of $20,000 to $100,000 and grant theft of $20,000 to $100,000.