Tuesday, March 29, 2016

Rock Falls man pleads not guilty to financial exploitation, theft


STERLING – A Rock Falls man charged with stealing more than $140,000 from an elderly woman over 4 years pleaded not guilty Monday in Whiteside County Court.

Timothy R. Boyd, 60, is charged with one count of financial exploitation of an elderly person, and one count of theft between $100,000 to $500,000, each punishable by 4 to 15 years in prison.

Tuesday, he still was in Whiteside County Jail on $200,000 bond. He has hired Sterling attorney Daniel Huffman, and a bail reduction hearing is set for April 1.

From Jan. 28, 2011, to Sept. 22, Boyd used his "position of trust and confidence" to take control of a nursing home resident's personal assets and finances at a local bank and a life insurance company, "knowingly and by deception" depriving her of $142,522.15, prosecutors say in court documents.

A local nursing home tipped off Sterling Police in September, and Boyd turned himself in to the Whiteside County Sheriff's Department on Feb. 19, a news release said.

In January 2004, Boyd was sentenced to 2 months in jail and 2 1/2 years' probation for aggravated DUI. In June 1992, he was sentenced to 2 1/2 years' probation for possession of a controlled substance.

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Rock Falls man pleads not guilty to financial exploitation, theft

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