C. Florida Man Accused Of Using POA To Secure $150K Credit Line On Alzheimers-Afflicted Mom's Home; Pocketed Cash, Left Her In Foreclosure, Say Cops

In Dade City, Florida, the St. Petersburg Times reports:

• Thomas Davis secured a $150,000 home equity line of credit on his elderly mother's home last year, authorities said. Within seven months, he had spent it all — on drugs, a hydroponic garden for growing marijuana, even on a $40,000 party that Davis, 47, threw for himself, the Pasco County Sheriff's Office said. By March, the bank began foreclosure proceedings on the home of the woman, who has Alzheimer's. And Davis, who had power of attorney as his mother's live-in caretaker, told family members he had dug a financial hole from which he couldn't escape, the Sheriff's Office said.

• A judge transferred guardianship of the 87-year-old mother from Davis to his sister. The sister began making mortgage payments to save the Dade City home from foreclosure. And Davis was arrested this week on a charge of exploitation of the elderly.

For more, see Pasco man spent mother's $150,000 line of credit on drugs, party, deputies say.

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