When Marie Long's sisters sat down for an exclusive interview with Sharyl Attkisson for our investigation on guardianship abuse in December, they were clearly frustrated.
They told Attkisson that a court-appointed guardian known as Sun Valley Group had presided over Marie's affairs for four years. In those four years, Marie's life-savings had been wiped out. A lot oher money went to lawyers. At least $400,000 went to Sun Valley Group - which was supposed to protect her money, not spend it away.
Now, following our story and a wave of controversy surrounding Marie Long's story and others like it, Sun Valley has announced in court that it will cease doing business as a fiduciary in Arizona at the end of this month.
Peter Frenette, the owner of Sun Valley declined to speak with us on camera last December.
The company has been embroiled in a spate of lawsuits involving other clients, and it has been waiting for its license as a fiduciary to be renewed for nearly a year.
The company's decision to close up its operations comes too late for Marie Long, however.
Her money is gone and she is now penniless, a ward of the state. Taxpayers pay for her ongoing care in a nursing home.
Source and Video:
Guardian Firm Closes Business in Arizona
Guardianship Agency Costs Elderly Woman Dearly