22 March 2009 – Yolo County, CA, USA Elizabeth Loeblich, 65, was convicted of one count of financial abuse of a dependent adult and four counts of grand theft in connection with misappropriation and misuse of her daughter’s money. Her daughter is described as having cerebral palsy, epilepsy, and intellectual disabilities. As reported in the Daily Democrat:
Prosecuting attorney Elizabeth Eaton reported that in 2005, Loeblich was living with her 24-year-old disabled daughter, whose name was not released.
The daughter suffered from cerebral palsy, epilepsy, and was developmentally delayed. The victim inherited stock from her grandmother and had other assets totaling $95,000.
“Over a period of eight months, Ms. Loeblich caused the stock to be converted to cash and transferred into a joint account with her daughter,” Eaton reported. “She then used the entire sum to pay her bills and buy antiques. Her daughter was unaware that her mother was spending her inheritance.”
Sentencing is scheduled for 4 May 2009.
Tags: financial exploitation