Saturday, March 23, 2013

Alleged Fraudster Charged With Bilking the Elderly

A 62-year-old man accused of bilking several people out of more than $70,000 with stories ranging from his wife’s miscarriage to a legally entangled inheritance pleaded not guilty to 13 felonies.
Prosecutors say James Keeton gained the trust of the victims, ages 51 to 88, before gaining their money. He met them through the San Mateo Horseman’s Association and St. Pius Parish in Redwood City ultimately sought personal loans between $3,000 and $23,650. He reportedly claimed his wife had recently miscarried twins and their home was at risk of foreclosure but that that they could repay the money with a pending large inheritance tied up in litigation in New York. Keeton took the loans but never repaid the money, according to the District Attorney’s Office.

The total amount taken from all the alleged victims is $73,650.

Full Article and Source:
Alleged Fraudster Charged With Bilking the Elderly

1 comment:

Mary said...

Preying on the emotions of the unsuspecting. How sad.