Thursday, March 10, 2011

Elderly Woman Defrauded of Her Life Savings

A Granville County couple has been found guilty in an insurance fraud scheme to steal an elderly woman's life savings.

Creedmoor Police say the elderly victim tried to purchase a money order from her bank on Jan. 7, 2010, but was told she didn’t have enough in her savings account. Bank officials told her that Aaron Pittman, 56, of Louisburg, was a joint holder on her account.

However the victim said she only knew Pittman as a preacher and insurance salesman who knocked on her door five years prior.

The victim said she thought she was purchasing a life insurance policy from Pittman, but instead signed an annuity contract. Pittman gained access to the victim's savings and transferred $50,000 to the annuity, then changed the beneficiary and ownership to his wife, Mildred Dew, 58 of Nashville.

Full Article and Source:
Elderly Woman Defrauded of Her Life Savings


Thelma said...

This guy needs heavy jail time!

Finny said...

Same thing happens in guardianship.

Rachael said...

Very sad. You're right, Thelma, he should be locked up and the key thrown away. We need deterants to stop these thieves.

Barbara said...

A very dirty deal and I hope the couple get jail time.