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Senator Susan Collins chairs the hearing. Its an hour and a half. Good afternoon. Earlier this month, a former state legislature, legislator in maine, was convicted of carrying out one of the worst cases of Elder Financial Abuse in our States History. The man who is also a securities agent was found guilty of stealing more than 3 million from two elderly widows. While these women viewed the man as the protector of their accounts, in reality, he actually preyed on their trust and vulnerability after their husbands died. Rather than protecting them, this individual slowly drained their Bank Accounts over a period of seven years, according to the courts. Maine found that the man used his position as a trusted financial professional and a close family friend to groom his victims in order to commit his crimes. He ingratiated himself with these families, assuming power of attorney and becoming the trustee of their accounts. He used the funds under his control as his personal piggy bank, cove
AustraliaJapanNevadaUnited-statesTexasArgentinaPhiladelphiaPennsylvaniaWashingtonWilliamsburgVirginiaCaliforniaOfficials say, is one of the worst cases of Elder Financial Abuse in the States History. The man who is also a securities agent was found guilty of stealing more than 3 million from two elderly widows. While these women viewed the man as the protector of their accounts, in reality, he actually preyed on their trust and vulnerability after their husbands died. Rather than protecting them, the man slowly drained their Bank Accounts over a period of seven years, according to the court. Maines office of securities found that the man used his position as a trusted financial professional and close family friend to groom his victims in order to commit his crimes. He ingratiated himself with these families, assuming power of attorney, and becoming the trustee of their accounts. He used the funds under his control as his personal piggy bank, covering everything from travel and fine dining in the United States and europe, to purchasing and renovating an expensive home in California Wine country.
New-yorkUnited-statesNevadaTexasPhiladelphiaPennsylvaniaWashingtonWilliamsburgVirginiaTogoNew-mexicoMichiganThe committee will come to order. Good afternoon. Earlier this month, a former state legislature, legislator in maine, was convicted of carrying out one of the worst cases of Elder Financial Abuse in our States History. The man who is also a securities agent was found guilty of stealing more than 3 million from two elderly widows. While these women viewed the man as the protector of their accounts, in reality, he actually preyed on their drust and vulnerability after their hu husbands died. Rather than protecting them, this individual slowly drained their Bank Accounts over a period of seven years, according to the courts. Maine found that the man used his position as a trusted financial professional and a close family friend to groom his victims in order to commit his crimes. He ingrash yated himself with these family, assuming power of attorney and becoming the trustee of their accounts. He used the funds under his control as his personal piggy bank, covering everything from travel a
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