New York Theft and Larceny Lawyers Blog
In an alleged elder abuse case perpetrated by a member of the same generation, Manhattan District Attorney Cyrus R. Vance, Jr., claims that 76 year old Philip Leopold bilked his contemporary, an 85 year old woman, to the tune of $1.6 million. The Justice League contends that Leopold took advantage of his nearly blind and deaf contemporary as early as 2002.
DA Vance believes that between 2002 and 2010, Leopold created a trust for his victim that he and the Bank of New York were named as co-trustees. Shorty after its creation, the trust grew to more than $2 million. Around the same time, it is believed that Leopold opened a checking account at the bank where he previously opened the trust. Not completely devious in nature, prosecutors contend that Leopold used part of the money to pay the complainant’s household expenses as he took control of some of her finances and prepared checks for her signature.