Sunday, March 31, 2013
An elderly man, James Keeton, has been accused of scamming several other elderly citizens out of $73,650. Allegedly, Keeton told his victims that he was in a hard time in his life. Keeton claimed that his wife had just miscarried their twins and that his home was close to being in foreclosure. He did gain the trust of the people and was able to fraudulently receive a number of personal loans from them. He always explained to them that he would be able to pay them back because he was about to come into some money from a large inheritance. He explained to his victims that his inheritance was "tied up in litigation in New York." The prosecutors in this case explained that Keeton took the funds and never repaid the money.
According to The Daily Journal, "Keeton pleaded not guilty to seven counts of fraud and six counts of elder abuse." In an unusual move, Keeton chose to not waive his right to a speedy trial by jury. His bail was set by the court at $750,000. A court scheduled his preliminary hearing for March 29, 2013.
See Alleged Fraudster Charged With Bilking Elderly, The Daily Journal, Mar. 19, 2013.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this to my attention.