A former Chicago Police officer was convicted Thursday of attempting to bilk a 90-year-old man out of his $500,000 home — as well as $400,000 in bank accounts and investments.
Donald Owsley, 63, was found guilty of financial exploitation of the elderly and forgery. Cook County Judge Timothy J. Joyce, who presided over the bench trial, found Owsley not guilty of official misconduct. Owsley’s next court hearing is scheduled for May 25.
Owsley’s attorney Jed Stone said he was gratified the judge found Owsley didn’t use his police job to victimize Theodore Hoellen. But he said he was “dumbfounded” by the conviction, saying there was no evidence of deception. Hoellen simply wanted to make sure his estranged brother and other relatives didn’t inherit anything, Stone said. He said Owsley and Hoellen had a “special father-and-son relationship.”
Owsley befriended Hoellen, who was suffering from dementia, and persuaded him to sign over his home in the 5800 block of North Kenton in 2001. Hoellen also gave Owsley control over $400,000 in bank accounts and his Chicago Transit Authority death benefit, prosecutors said.
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Former Cop Convicted of Bilking 90-Year-Old Man