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Elder Law

: Illinois Nursing Home Abuse Blog

Man Admits to Taking $400,000 from an Elderly Nun

By Levin & Perconti

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A financial planner admitted that he was stole nearly $400,000 from an elderly nun who entrusted him with her life savings before she suffered a debilitating stroke. The Illinois man faces up to 15 years in prison for felony theft. The nun died penniless at age 92. Authorities said that she trusted the man with her finances before the stroke and he began financially exploiting her after the stroke. Prosecutors said he used the nun?s banking account as his own person bank for five years until the theft scheme unraveled. Fraud is one of the many ways that they elderly are abused. To read more about elderly financial exploitation, click here.

Full post as published by Illinois Nursing Home Abuse Blog on February 03, 2009 (boomark / email).

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