Wednesday, January 25, 2012

Michigan Man Charged With Bilking $1.2 Million Out of Seniors Says They Didn't Need it Anyway

They didn't need the money because they lived frugally.

That's the reason Brian Marsack gave his victims, according to one victim’s daughter, after allegedly bilking them out of their life savings by posing as a Goldman Sachs investment broker.

Edward Mancini, 91, his late wife, Joan, 79, his sister Virginia Cox, 77, and his sister-in-law Florence King, 87, lost $1.2 million combined.

They have little hope of getting it back -- joining hundreds of other senior citizens cheated out of billions of dollars a year, according to a study by MetLife.

Prosecutors say Marsack, 44, sold the family phony high-interest investments and sent them what were supposed to be interest checks each month. Edward Mancini, who knew Marsack since he was a child, said he now believes the checks were likely small amounts of his own money.

Marsack eventually confessed his crime to Mancini, but the only remorse his victims say he showed was his fear of going to jail. Marsack is to appear in 41B District Court on Jan. 25. He is charged with two counts of false pretenses, a 10-year-felony, and one count of racketeering, a 20-year felony.

Full Article and Source:
Man Charged With Bilking $1.2 Million Out of Seniors Says They Didn't Need it Anyway

6 comments:

Connie said...

This guy sounds like a lawyer.

Anonymous said...

What an evil thing to say.

Ben said...

Brian Marsack deserves no mercy.

Neil said...

I hope he gets what he dished out.

Nancy said...

How can he look himself in the mirror after saying that?

Unknown said...

I agree and I know the man. Grew up in church together from age of 2. Was best friends with his sister, live 2 blocks away. I spent many days over there and his sister many times over my house. I babysat for him before his wife paid me cheaper than anyone Ive ever babysit for. He tried to rip me off as a car salesmen many years ago on my first car but I went somewhere else who happened to be his friend and got ripped offed anyways. Saying those things that the Mancini's deserved to have their money taken because they had too much is ridiculous. He deserves life in prison.