Saturday, May 5, 2012

Compulsive Shopper Charged With Bilking Blind Widow for $1.6 Million

A Bronx man with a compulsive shopping problem was busted for bilking an elderly blind widow out of millions of dollars, prosecutors said.

Philip Leopold, 76, was arraigned in Manhattan Supreme Court Monday on charges he stole more than $1.6 million from an 85-year-old woman who he'd been helping with finances.

He is suspected of spending thousands of dollars on day-to-day expenses, student loans and life-insurance policies, while at the same time amassing a mind-boggling quantity of electronics and luxury goods he bought from QVC, the Home Shopping Network and other television retailers, prosecutors said.

In addition, Leopold is suspected of spending $63,000 to store household items including globes, figurines, clocks, vacuum cleaners, bedding, knifes and crockery.

Defense attorney Howard Jaffe said his client is in poor health, but did not comment on the nature of his relationship with the victim, who helped him set up a trust held jointly in their names in 2002.

Full Article and Source:
Compulsive Shopper Charged With Bilking Blind Widow for $1.6 Million

1 comment:

  1. And what happens now to the victim? Guardianship???

    ReplyDelete