Saturday, August 30, 2014

Man Sentenced for Stealing Great Aunt's Life Savings

A Knoxville man who admitted to stealing his great aunt's life savings will spend three years behind bars.

Mark Kevin Tudor, 42, was sentenced to 36 months in federal prison on Wednesday. He pleaded guilty in April on federal wire fraud charges. He must also repay the $266,227.80 he stole from the family member he was supposed to be taking care of.

Investigators said Tudor had been granted power-of-attorney by his 93-year-old great aunt, who had a visual disability and needed help with her finances.

Instead of helping her, authorities said he depleted her bank and credit union accounts and her life insurance policy for his own gain. It nearly depleted the woman's life savings.

According to a written statement by the victim read in court, when she discovered the fraud only $347 remained in her credit union account, which had held over $200,000 before the theft.

Full Article and Source:
Man Sentenced for Stealing Great Aunt's Life Savings

3 comments:

  1. If the credit union wasn't on alter, there oughta be a law!

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  2. Good. The more of these cases prosecuted, the better.

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  3. I'm glad to see this as well.

    ReplyDelete