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.
Wednesday, May 31, 2017
Bail Set At $300K For Ex-Social Services Director Of Retirement Center Pinched & Charged With Fleecing $391K From Elderly Residents; Suspect's Alleged Bad Acts Include Abusing POA To Purloin Sale Proceeds Of One Victim's Home
From the Office of the Louisiana Attorney General:
Attorney General Jeff Landry's Louisiana Department of Justice, with the assistance of the Minden Police Department and the Bienville Parish Sheriff’s Office, has arrested a Minden woman for stealing approximately $391,000 from residents of Leslie Lakes Retirement Center (LLRC) in Arcadia.
Stephanie Sanders Hays, 49 of Minden, was arrested on 15 counts of Theft of the Assets of a Person who is Aged or Person with a Disability, 19 counts of Money Laundering, 17 counts of Forgery, and 17 counts of Exploitation of Persons with Infirmities. Hays allegedly executed several schemes from September 2012 through February 2016 in order to gain access to the financial assets of at least one resident of LLRC, where Hays worked as a Social Services Director.
Hays allegedly abused her Power of Attorney authority over the affairs of a resident – draining a bank account, IRAs, annuity plan, and proceeds from the sale of the resident’s home. She also allegedly shopped for items requested by the residents at local Walmart stores with forged retirement center checks. A portion of the funds allegedly stolen included Social Security payments, pension payments, and German reparation payments.
“Our office fights daily to protect our State’s seniors and sick. Criminals preying on Louisiana’s most vulnerable will be investigated, apprehended, and prosecuted,” said General Landry. “It is a disgusting travesty for the elderly, especially Holocaust survivors, to be scammed and robbed by those supposedly caring for them. I hope to get justice for our victims very soon.”
Hays was arrested without incident after investigators located her in a pharmacy parking lot in Minden. Minden Police transported Hays to the Webster Parish Jail, where she was then extradited to Bienville Parish. Hays’ bail was set at $300,000.
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