A Hatfield man has admitted to embezzling more than $500,000 from his elderly aunt for whom he was power of attorney, money he claimed he partly used to attempt to start a music business.
Francis X. Stagliano, 53, pleaded guilty in Montgomery County Court to multiple felony charges of theft by unlawful taking or disposition in connection with incidents that occurred between January 2006 and August 2011.
Judge Garrett D. Page deferred sentencing so that court officials can complete a background investigative report about Stagliano, who remains free on bail pending sentencing. Stagliano faces a possible maximum sentence of 17 ½ to 35 years in prison on the charges.
With the charges, prosecutors alleged Stagliano stole money from various bank and investment accounts held by the victim, ranging from $47,356 to $179,882, for a grand total of $504,721, between 2006 and 2011.
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Hatfield Man "Milked" Accounts of Elderly Aunt