Oregon Man Accused Of Using POA To Pocket $122K+ In Proceeds From Sale Of Ailing Mom's Home After Getting Medicaid To Foot Her Nursing Home Bills

In Multnomah County, Oregon, The Oregonian reports:

• A 52-year-old man is accused of defrauding his elderly mother, who suffered from dementia and was placed in an adult foster home, and fraudulently applying for Medicaid to cover his mother's nursing home bill while he spent his mother's savings. Richard Dean Stone faces 21 counts of first-degree criminal mistreatment, 14 counts of first-degree theft and 8 counts of second-degree theft.

***

• Stone is accused of spending $122,962 from the sale of his mother's home for his own benefit, according to a court affidavit. He used the money for gambling, trips, shopping and to pay his own bills, Portland police say. His mother had given her son her power of attorney in 2003. She lived on her own until October 2006, when she was placed in an adult foster home due to dementia and her risk of falling. The woman had less then $1,000 in cash assets when she entered the home, according to police.

***

• Police say Stone failed to notify authorities that the home was sold and his mother had access to the money to help pay for her care. "He allowed Medicaid to continue paying his mother's expenses not covered by Social Security and insurance until her death on Oct. 10, 2008," a probable cause affidavit says.

For the story, see Portland man accused of pocketing his elderly mother's assets and fraudulently applying for Medicaid.