Saturday, May 2, 2015

Upper East Side woman busted for allegedly stealing $340K from mom, 91

An Upper East Side woman has been busted for allegedly stealing $340,000 from her ailing 91-year-old mom.

Barbara Schwartz, 62, used money she pilfered from her mother's bank accounts for spa treatments, fancy clothes and booze, prosecutors said Wednesday.

Schwartz started helping herself to her mom's money in 2010, about two years after her mom had a stroke and she took control of her finances, court papers say.

The 91-year-old was in court in a wheelchair for her daughter’s arraignment on Tuesday.

“The defendant's mother spent a lifetime acquiring the assets needed to make her final years comfortable and free of the stress of financial worry, only to suffer a stroke and have her daughter allegedly steal the money for her own personal use," Queens District Attorney Richard Brown said.

Investigators found out the daughter had been siphoning the cash from one of her siblings, prosecutors said.

Schwartz, of E. 71st St., was ordered held on $50,000 bail.

Her lawyer, Christopher Wright, said she pleaded not guilty.

She faces up to 15 years behind bars if convicted.
Full Article & Source:
Upper East Side woman busted for allegedly stealing $340K from mom, 91


Anonymous said...

Apparently, she felt she wasn't getting her inheritance quick enough.

Hedy said...

My sister did the same thing from my mom's account. About the same amount of money, only difference was my sister has not been found guilty. With all the evidence compiled against her, the courts overlooked it all because as soon as I discovered what was going on, she put my mother into a guardianship which enabled her to cover the crime.
I hope that woman gets the maximum sentence. It's only too bad that my sister got away with as do so many others.

StandUp said...

Mom was 91 for crying out loud. And this daughter was so greedy, she couldn't wait for her inheritance? She should spend years in jail for this.