Thursday, February 28, 2008

Stockton Man Gets Three Years In State Pen For Swiping Grandparents' Home Equity

In San Joaquin County, California, the Stockton Record reports:
  • A 28-year-old man was sentenced Monday to spend three years in a state prison program working off part of a $177,000 debt that stems from a conviction for cheating his grandparents out of their Stockton condominium. Rodney Jackson has to turn himself in [next week], when he will be transported under a judge's recommendation to the Restitution Center for Men, a Los Angeles work program under contract by the California Department of Corrections and Rehabilitation. San Joaquin County Superior Court Judge F. Clark Sueyres also ordered the Calandria Street home of Jackson's grandparents, Herman and Audrey Percy, to be sold off to recoup some of the loss.

***

  • A jury in December found Jackson guilty on eight felony counts, including theft from an elder, loan fraud, identity theft and an enhancement for committing a white-collar crime with a loss of more than $100,000. San Joaquin County Deputy District Attorney James Lewis said Jackson was entrusted with helping his elderly grandparents find a new home. A flight of stairs leading up to the second-floor condominium proved too strenuous for the couple, who are in their early 70s.

  • Jackson instead took out a loan on the home and pocketed the money, which triggered foreclosure, Lewis said. Herman Percy now lives with friends, while Audrey Percy is in a hospital, Lewis said.

For more, see Man to work off debt in prison program (Grandparents were cheated out of their home).

For an earlier report on this story, see Man guilty of defrauding elders.

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