ELABORATE ELDER FINANCIAL ABUSE SCHEME UNRAVELS—FORMER LIFE INSURANCE AGENT ARRESTED ON 29 FELONY COUNTS OF GRAND THEFT - SENIORS SCAMMED
SAN DIEGO – A sophisticated scheme of elder financial abuse involving over 10 elderly victims and three others scammed for more than $1.7 million ended with the arrest of a formerly licensed life insurance agent who offered securities in the form of promissory notes and never paid them when they came due. Glenn Martin III, 57, was arrested last Thursday on 29 felony counts of grand theft, including theft from an elder adult, making false statements in the sale of securities and tax evasion. Bail was set at $500,000
Monday, July 25, 2005
ELABORATE ELDER FINANCIAL ABUSE SCHEME UNRAVELS—FORMER LIFE INSURANCE AGENT ARRESTED ON 29 FELONY COUNTS OF GRAND THEFT - SENIORS SCAMMED
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