David Saks: April 2014

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Woman Sentenced to 30 Months for Swindling Elderly Woman Out of $99k

West Orange Woman Sentenced to 30 Months in Prison for Stealing Nearly $100,000 from an Elderly Woman

U.S. Attorney’s Office April 09, 2014
  • District of New Jersey (973) 645-2888

TRENTON, NJ—A West Orange, New Jersey woman who defrauded an elderly victim of nearly $100,000 by taking the victim’s Social Security payments and secretly applying for a reverse mortgage on the victim’s home was sentenced today to 30 months in prison, U.S. Attorney Paul J. Fishman announced. Shawn L. Craig, 47, previously pleaded guilty before U.S District Judge Michael A. Shipp to an information charging her with one count of mail fraud and one count of filing false personal federal income tax return for 2011 by not disclosing income, including money fraudulently obtained from her victim. Judge Shipp imposed the sentence today in Trenton federal court.

According to documents in this case and statements made in court:

In November 2010, Craig entered into a general power of attorney with the victim, an elderly woman, to serve as her attorney-in-fact. Craig was trusted to act in the victim’s best interest and to arrange for the payment of the victim’s living expenses.

After gaining access to the victim’s bank accounts, Craig diverted a portion of the victim’s funds for her own benefit and the benefit of her family, including paying her automobile insurance; purchasing a bar and bar stools; making a tuition payment; and paying for entertainment at the Wachovia Center in Philadelphia. At the time Craig made those purchases, the funds in the victim’s accounts consisted primarily of the victim’s Social Security benefits.

In December 2010, Craig submitted an application in the victim’s name to a commercial lender for a reverse mortgage on the victim’s residence in East Orange. When the victim refused to sign a specific power of attorney permitting the closing of the reverse mortgage to go forward, Craig forged the victim’s signature on the document and presented it to the title agent at the title agent’s office in Morristown, New Jersey.

Craig used the money from the reverse mortgage to purchase items at retail establishments including Gucci, Coach, Nike, Apple, Footlocker, and various other shoe stores; pay for meals and entertainment at restaurants, liquor stores and other establishments, including the Taj Mahal in Atlantic City, New Jersey, and the Staples Center in Los Angeles and Amazing LA Tours in Santa Monica, California; fund travel to and stays at hotels in New Jersey, California, and Florida; and pay personal bills, including automobile insurance, gas, electric, cell phone, and cable bills.

In June 2011, Craig was notified that the general power of attorney had been revoked, so she transferred the victim’s funds to a new bank account. In all, Craig misused approximately $99,000 of the victim’s funds.

Craig also admitted that she caused a tax preparer to prepare and electronically file with the IRS a false and fraudulent personal income tax return for tax year 2011 by not disclosing as income the funds that she had fraudulently obtained from the victim.

In addition to the prison term, Judge Shipp sentenced Craig to three years of supervised release, fined her $10,000, and ordered her to pay restitution of $75,663.

U.S. Attorney Fishman credited special agents of the U.S. Department of Housing and Urban Development, Office of Inspector General, Northeast Region, under the direction of special Agent in Charge Christina Scaringi; the FBI, under the direction of Special Agent in Charge Aaron T. Ford; IRS-Criminal Investigation, under the direction of Special Agent in Charge Shantelle P. Kitchen; and Social Security Administration, Office of Inspector General, under the direction of Special Agent in Charge Edward J. Ryan, with the investigation leading to today’s sentence.

The government is represented by Assistant U.S. Attorneys Maureen Nakly and Jacques S. Pierre of the U.S. Attorney’s Office Special Prosecutions Division in Newark.

http://www.fbi.gov/newark/press-releases/2014/west-orange-woman-sentenced-to-30-months-in-prison-for-stealing-nearly-100-000-from-an-elderly-woman?utm_campaign=email-Immediate&utm_medium=email&utm_source=fbi-in-the-news&utm_content=313601

 




David Saks



Time&Temp Memphis

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