Monday, August 31, 2020

State Police charge man in elder exploitation case

The Rhode Island State Police announced that members of the Rhode Island State Police Financial Crimes Unit arrested Mark Harmon, age 62, of Pawtucket, on two counts of exploitation of an elder, three counts of unlawful appropriation, and one count of obtaining money under false pretenses over $1,500.

On May 2 of last year the Rhode Island State Police Financial Crimes Unit received a complaint from the Office of the Attorney General, Elder Abuse Unit regarding Harmon, who allegedly failed to fulfill his power of attorney fiduciary obligations for two elderly Woonsocket women. The victims were financially exploited, drained of their assets and left in significant debt. During his time as power of attorney, Harmon allegedly liquidated $391,727 of U.S. Savings Bonds, sold a victim’s house, liquidated an annuity and misappropriated funds, all while frequenting Twin River Casino with the money. During the investigation, two additional victims were identified, and similar activity was discovered. In total, the four elderly victims incurred a combined loss of more than $600,000.

Harmon was arraigned at Sixth District Court by Judge Isherwood and released on $10,000 personal recognizance. Isherwood also issued no contact orders for the victims. Harmon's next court appearance is scheduled at Providence Sixth District Court on Nov. 23.

Full Article & Source:
State Police charge man in elder exploitation case

No comments: