Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Thursday, February 23, 2017
Appointed After Death Of Elderly Man, Financial Guardian Admits To Pilfering Over $60K From Deceased's Widow, Leaving Bills Unpaid, Sending Home Into Foreclosure
In Kentwood, Michigan, WZZM-TV Channel 13 reports:
A Kentwood woman accused of siphoning funds from an elderly widow, putting her in jeopardy of losing her home, pleaded no contest to a felony charge that accused her of pocketing funds over a seven-year period.
Christina Ledesma, 60, was accused of taking more than $60,000 from the Kentwood victim between 2009 and 2015.
After the victim’s husband died, Ledesma became her guardian to handle finances, court records show.
The victim’s husband had taken care of paying the bills, “so after he died the victim needed assistance with handling her financial matters,’’ Kentwood Police Detective William Frederick wrote in a probable cause affidavit.
“In 2015, the victim’s bills were not being paid and the victim’s home was in the process of foreclosure,’’ Frederick wrote. “The investigation revealed that Christina Ledesma had taken over $60,000 from the victim’s account at Fifth-Third Bank.’’
Kentwood launched the investigation after getting a call from Adult Protective Services, a division of the Michigan Department of Health & Human Services, on behalf of the 83-year-old woman.
Ledesma was charged in December with embezzlement of $50,000 or more but less than $100,000, a felony punishable by up to 15 years in prison. During an interview with police, Ledesma “admitted to taking the victim’s money,’’ court records show.
During a brief appearance Wednesday, Feb. 8 before Kent County Circuit Court Judge Donald A. Johnston, Ledesma pleaded no contest to an attempted embezzling charge. She’ll return to court for sentencing in May. Ledesma remains free on bond.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
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