John Drayman, 54, pleaded not guilty to 28 felony counts. He was taken into custody and was held on $200,000 bail. A hearing on Wednesday was scheduled on the source of the bail money expected to be posted on his behalf.
According to the indictment, Drayman embezzled an estimated $305,000 between January 2004 and April 2011. He was the director of the Montrose Shopping Park Association's Harvest Market at the time and was responsible for collecting proceeds from the weekly event.
The association discovered the embezzlement and money laundering in May 2011 and reported it to the Glendale Police Department.
Drayman is facing one count each of embezzlement and submitting a false financial statement, three counts of forgery, five counts of money laundering, eight counts of perjury by declaration and 10 counts of filing a false income tax return.
City News Service contributed to this report.