Sunday, July 29, 2012

KY: Insurance Agent Accused of Bilking Elderly Client Out of $500K Found Dead

The body of a man found hanging earlier this week in a northern Grant County barn has been identified as that of a Kenton County insurance agent who was accused of bilking an elderly client out of more than $500,000, police said Friday.

The body of Raymond Crosby, 49, of Hebron was found late Tuesday afternoon in a barn of the Lloyd Wildlife Management Area, a 1,100-acre recreation area near Crittenden, Kentucky State Police said in a release.

Kenton County police had a felony theft warrant for Crosby's arrest so he could face charges that he stole money from an elderly client, said Detective Andrew Schierberg.

"We believe he misappropriated about $540,000 from one client," Schierberg said.

Full Article and Source:
Man Found Hanged was Accused of Bilking Elderly Client Out of $500,000

3 comments:

Connie said...

I think if I did somethng of this magnitude, I would have a hard time living with myself.

My sympathies to his family.

Barbara said...

Very sad. Too bad he couldn't face the consequences of his actions. What he did (if he did it) was bad enough, but now he's hurt his own family directly.

Anonymous said...

Again good news / bad news. I hate to sound cold and heartless HOWEVER this Raymond Crosby probably knew he was headed for prison with restitution and he couldn't handle that. Never thinking he would get caught. Too many are engaging in criminal activities becasue it's so darned easy. Temptations come before many of us and we have a choice whether or not to fall out of grace. May he rest in peace.