Monday, February 11, 2008

Retired NYC Cop With Dementia Has Home Sold Out From Under Him; One Suspect In Custody, Another May Have Fled The Country

In New York City, The Queens Courier reports:
  • Two brothers are charged with fraudulently selling the Cambria Heights home out from under a retired New York City correction officer suffering from dementia. The victim’s daughter — a cop — discovered the crime. One of the brothers is in custody and the other is presently being sought internationally. Moses Brach, 30, [...] is currently in custody. His brother, Joel Brach, 27, [...] is believed to have fled to Israel. Moses [...] was arraigned [...] on a four-count indictment charging him and his brother with second- and third-degree grand larceny and second- and third-degree criminal possession of stolen property.

***

As a result of the sale of the home, a check representing the equity proceeds of $217,000 was deposited into a Wachovia Bank joint account held by the Brachs and the alleged victim. Due to the suspicious nature of the deposit, a Wachovia employee tipped off the alleged elderly victim and his family, at which point the Queens District Attorney was notified and requested that the account’s assets be frozen. The retired cop's home is now facing foreclosure.

At about the same time, the alleged victim's daughter, also a cop, discovered that her father's home was no longer in his name and had been sold to the brothers.

For more, see Brothers bilked elderly Cambria Heights man (Sold home out from under him).

Go here , here , here , and here for other posts on elder financial abuse.

Go here and go here for other posts on deed theft by forgery, swindle, etc. deed theft yahtzee whale