Jackson County Prosecutors say Marilyn James, 55, transferred a home she owned to an older neighbor with Alzheimer’s Disease.
After James put the home in the victim’s name and had power of attorney, authorities say she took out a reverse mortgage for more than $64,000 on the home.
Prosecutors say she also stole $9,000 from the elderly man’s life insurance policy.
James is only the second person in the nation to be prosecuted for a reverse mortgage scam.
“It’s a new type of fraud, one that we haven’t seen before because this is a new program,” explains Jim Kanatzer, Jackson County Prosecuting Attorney. “So, I hope I’m wrong and I hope we don’t see many more of these cases but I suspect we will.”
Full Article, Video, and Source:
Woman Charged With Elder Fraud
National Association to Stop Guardian Abuse 
April 17, 2010 at 12:45 pm |
HOW, tell me HOW do people come up with this kind of a scam?It just amazes me that people can be that conniving.
April 17, 2010 at 4:34 pm |
PEOPLE WITH CRIMINAL MINDS THAT'S HOW. THERE ARE TWO TYPES OF PEOPLE: PREDATORS AND THEIR PREY from the mouth of a convicted serial killer.Chilling to watch him make his statement but it's the truth.
April 17, 2010 at 8:53 pm |
There is no low they won't go.
April 17, 2010 at 9:03 pm |
Crooks should use their huge amount of creativity to get a job.