by: Nicole Sanders
MONTGOMERY, Ala. (WRBL) — An Auburn man turned himself into the Lee County Sheriff’s Office after he allegedly deceived a 60-year-old Alabama resident out of over $200,000, according to the Lee County District Attorney and Alabama Securities Commission.
James Clayton Langford III, 50, was taken into custody on Tuesday following his indictment of aggravated theft by deception and first-degree financial exploitation of the elderly. These charges can carry a sentence ranging from two to 20 years.
The indictment says Langford was a trustee on an investment account for the victim. According to that indictment, Langford allegedly obtained over $200,000 from the account, then used the money for personal use.
The first count alleges Langford obtained the money through deception. The second count alleges Langford also used deception, intimidation, force and other measures to gain control over the victim’s property.
According to a news release, Langford was out on bond as of Wednesday.
The ASC advices the public to research any investment opportunities. You can call the commission at 1-800-222-1553.
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Lee County Auburn man turns himself in on financial exploitation of elderly charge
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