DAVIE, Fla. -- A suspended Davie administrator is being sought by police on suspicion of stealing more than $360,000 in town funds.

The Florida Department of Law Enforcement has issued warrants for Christopher John Kovanes for one count of money laundering, grand theft and organized fraud.

Kovanes, 34, was suspended with pay as Davie's town administrator Oct. 18, around the time FDLE officials began investigating allegations of misappropriations of funds by Kovanes.

Kovanes is accused of stealing $362,329 from Davie by depositing checks made payable to Geographic Environmental Origin Inc. into an account he allegedly opened at a Bank Atlantic branch Jan. 20, 2004. That account was opened with an initial deposit of $15,000 also made payable to GEO Inc. by the town, authorities said.

From January 2004 through October 2005, Kovanes is accused of depositing 20 town checks ranging from $4,600 to $55,890 into the bank account.

Authorities said GEO Inc. lists Kovanes as the sole officer and registered agent, and said the business' address in Fort Lauderdale, Fla., does not exist.

"I'm not very happy about him," Davie Mayor Tom Truex said. "Obviously, he's innocent until proven guilty, but the charges are very serious and, of course, I'm not happy myself. Taxpayers shouldn't be happy. It's a lot of taxpayer money that's at stake."

Kovanes has also been under investigation by FDLE agents since October on allegations involving illegal pornography. That case is still ongoing.

Kovanes is considered a fugitive of the law.