A 47-year-old Denver man has been charged with swindling 19 elderly individuals out of more than $1 million over a three-year period, according to the Denver district attorney's office.
Michael Mendenhall was charged Monday with multiple counts of theft from an at-risk adult by Denver District Attorney Mitch Morrissey.
The charges allege that Mendenhall took money from the elderly victims, some of whom had known Mendenhall for years, and signed promissory notes saying the money would be used for real estate acquisitions.
Investigators allege that instead of investing in real estate, Mendenhall used the funds for his personal residence, for his person use, to repay other investors, or to convert into cash.
The 22 promissory notes signed by Mendenhall and issued to 19 individuals were dated between Sept. 28, 2007, and Aug. 24, 2010. The promissory notes total $1,044,644, according to the arrest affidavit.
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Denver Man Charged with Bilking Elderly Out of More Than $1 Million
I hope his permanent address becomes the big house.
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