Prosecutors allege that Isabelle Gallier, 60, misappropriated $708,216 from a 41-unit co-op building at 130 Hicks Street over a six-year period while serving as president of the building’s board.

Gallier was arraigned in Brooklyn Supreme Court on a charge of second-degree grand larceny. She appeared before Justice Danny Chun and was released without bail. She is scheduled to return to court on August 12.

District Attorney Eric Gonzalez said the alleged theft represented a breach of trust by a board member responsible for overseeing the building’s finances.

“This defendant allegedly turned a position of trust into a six-year scheme to steal from her neighbors, spending more than seven hundred thousands dollars meant to maintain a cooperative on luxuty items and personal bills,” he said.

He added that his office will “prosecute anyone who exploits their authority to criminally enrich themselves.”

According to the indictment, Gallier allegedly diverted building funds between January 2018 and February 2024 for personal expenses and luxury goods.

Investigators allege that more of $218,000 of the funds went toward Gallier’s personal mortgages. Another $125,000 was allegedly spent on luxury goods, including $12,000 worth of furs, a $4,000 Rolex watch and $53,000 on 150 pairs ofhigh-end shoes, among them Christian Loubotin and Valentino brands.

The alleged misconduct came to light after Gallier was voted out as board president and a new board assumed control of the cooperatives finances. Authorities said a review of financial records uncovered the missing funds.

Following her departure from the board, Gallier sold her three units in the building and moved out, according to prosecutors.

The investigation was conducted by Chief Financial Investigator Ludwig Sanches and members of the Kings County District Attorney’s Office Detective Investigations Squad.

The case is being prosecuted by Senior Assistant District Attorney Richa Bhasin of the Frauds Bureau.