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Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Wednesday, January 30, 2013

Father Steals Money Intended For His Daughter

Unknown-6Willie Edward Lockridge intercepted a check intended to go to his brother for the benefit of Willie's daughter. The court appointed Willie's brother as the plenary guardian for Willie's daughter when the young girl's mother died on October 30. 2011.  She left her daughter $58,866.61, proceeds from a 401(k) from Costco.  

On May 15, T. Rowe Price sent the check for $58,866.61 payable to a specific guardianship account at Comerica Bank. Willie, the girl's father, got Christopher Lockridge to cash the check, claiming that he needed the money for his daughter.  However, he used $28,088.14 to buy a Jaguar, and used other amounts to purchase a TV, plane tickets for his girlfriend, shoes, jewelry and other items. Lockridge was arrested on January 8 in Nashville and he was charged with larceny over $20,000 and fraud.

See Brett Clarkson, Dad Squandered Daughter's $58,000 Inheritance on Car, Flight for Girlfriend, Say Deputies, SunSentinel, Jan. 29,2013.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/01/father-steals-money-intended-for-his-daughter.html

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Comments

Appalling decision making....we all know about the problems in the 2007 Jag.

Posted by: brian j. cohan | Jan 30, 2013 4:43:03 PM

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