Friday, June 27, 2008

Boulder Woman Suspected Of Improper Use Of POA To Mortgage Home, Swipe Refinance Proceeds From 92 Year Old Lady

In Boulder, Colorado, the Boulder Daily Camera reports:
  • A 60-year-old Boulder woman has been arrested on suspicion stealing from an 92-year-old lady by refinancing the elderly woman's home three times without permission and taking the payouts, according to the Longmont Police Department. Eileen Marie Banman turned herself in to Longmont police Tuesday and was arrested on a warrant for theft over $20,000 and crimes against at-risk adults. According to Longmont police, the elderly woman's home already was paid off when Banman obtained power of attorney to "assist" the alleged victim by writing out checks for her.

Cops say the home is now in foreclosure.

For more, see Boulder woman suspected of stealing from 92-year-old.

See also:

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

Go here, go here, go here, and go here for other posts related to deed or refinancing scams by forgery, swindle, etc. DeedTheftAlpha FinancialAbuseOfElderlyAlpha