Michigan Attorney General Bill Schuette said Gary "Duke" Haynes, 57, of Comstock Park, used his relationship as the victim's agent to remove money from her accounts over four years.
According to investigators with the Elder Financial Crimes Unit, Haynes was given access to financial accounts of an 85-year-old woman with the intent of investing for her.
“Many of Michigan’s senior citizen have worked all of their lives to save for retirement,” said Schuette in a release. “My office and the Muskegon County Prosecutor’s Office are committed to stopping those who would prey on our seniors when they are the most vulnerable to theft and financial exploitation.”
Investigators said the money was used for his own personal benefit and to fund his two companies, Senior Planning Resource and Future by Design.
Hayes faces charges of embezzlement, conducting a criminal enterprise and filing false tax returns in Muskegon County.
His bond was set at $25,000.
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Kent County financial planner charged with embezzling over $300,000 from elderly client
1 comment:
Financial planners who steal, steal big!
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