Bloomfield Hills resident Craig Maass pleaded no contest to six counts of embezzlement on July 8.
Such pleas are not admissions of guilt but decisions to not challenge the charges. They are treated as convictions upon sentencing but offer some protection in civil matters.
Maass’ sentencing is scheduled for Aug. 30.
"Mr. Maass accepted responsibility for his actions," his attorney Clarence Dass said in an email. "He has accepted responsibility from the moment allegations were made against him.
"He cooperated fully with the investigation, voluntarily turned himself in, and has never violated his bond conditions during the pendency of his case. He is remorseful and wishes to make things right with Oakland Hills."