Florida Woman Dupes Senior Into Signing POA, Then Drains Victim's Home Equity With Reverse Mortgage, Loots Bank Accounts, Say Cops

In Palm Beach County, Florida, The Palm Beach Post reports:

• Evelyn Dick, authorities say, persuaded a 71-year-old North Palm Beach woman to let her get a reverse mortgage on the woman's home, then pocketed more than $34,000. Dick, 50, of suburban West Palm Beach, is charged with grand theft of between $10,000 and $50,000 on a person older than 65.

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• The woman has told North Palm Beach police Dick befriended her about six months ago. She said Dick urged her to apply for food stamps and had her sign a document. The woman said Dick took her to the TD Bank at 316 Northlake Blvd. and had her stay outside. The woman said she later realized the document was a power of attorney and Dick had moved all the money out of her bank account.

• She said Dick also had obtained a reverse-mortgage. She then withdrew $25,000 and $14,000, a police report said. The woman said she discovered the scam when the U.S. Department of Housing and Urban Development mailed mortgage papers to her and contacted a lawyer who told her to call police, the report said.

Source: Suburban West Palm Beach woman charged with defrauding 71-year-old.

See also, WPTV-TV Channel 5: Woman arrested in reverse mortgage scheme.