Chayet & Danzo, LLC Chayet & Danzo, LLC www.Coloradoelderlaw.com
Call for a Free Initial Consultation
Direct303-872-5980
Toll-Free 1-888-472-1088
Email Us
Compassion, talent and dedication: guiding colorado families and Their Trusted Advisors During Times of Need

Guilty plea entered in case of swindled elderly Denver man

Dealing with an aging relative can be incredibly difficult. Nobody wants to watch a loved one lose the ability to physically take care of him or herself, especially if it is accompanied by Alzheimer's or mental illness. However, a situation can become exponentially more painful if a plan isn't taken to protect an elderly person from abuse. There are, unfortunately, people out there who are looking to take advantage of the elderly for personal gain. Aging people that have a lot of liquid assets can be seen as easy targets for fraudulent schemes, so it's important to protect them before a problem occurs. Establishing financial conservatorships can prevent senior citizens from being swindled.

One such situation occurred to an elderly Denver man, who was conned out of $500,000 over a period of five years. The scheme began in 2008 when a con man knocked on the 89-year-old man's door and claimed that his parents had just been killed in a car accident. The con man wept as he told the elderly man that he had no money. Because they were both of Japanese descent, the senior citizen took pity on the con man and agreed to let him borrow some money.

The con man continued to borrow money under the guise that he was going to pay the elderly man back when he received a large inheritance from his deceased parents. In 2009, the con man spent almost three years in a state prison for felony drug possession. Even while he was in jail, he continued to contact get the elderly man to wire money to him for diabetes medication. In reality, the con man's parents have been dead for years, there was no inheritance, and he never had diabetes. The con man has recently pleaded guilty to fraud and could face up to 20 years in prison.

If you believe your loved one has been the victim of this type of financial scheme, it's best to speak with an experienced legal professional to learn more about your options.

Source:  thedenverchannel.com, "Con man, Akihiko Siegfried, pleads guilty to swindling $500,000 from 89-year-old Denver man" Alan Gathright, Oct. 30, 2013

No Comments

Leave a comment
Comment Information

Watch Our Firm Video

We are the premier Elder Law firm in the Colorado region. We set ourselves apart from other law firms in the area with our talent, dedication, compassion and ability of our attorneys to handle any case in Elder Law. We serve Colorado families with experience and dignity in your time of need.

View More Videos

Denver Office
650 S.Cherry St., Suite 710
Denver, CO 80246

Phone: 303-872-5980
Fax: 303-355-8501
Denver Law Office Map

Edwards Office
105 Edwards Village Blvd.
#D-201
Edwards, CO 81632

Toll Free: 888-472-1088
Fax: 303-355-8501
Edwards Law Office Map

Aspen Office
600 East Hopkins Avenue
Suite 301
Aspen, CO 81611

Toll Free: 888-472-1088
Fax: 303-355-8501
Aspen Law Office Map

  • Rated by Super Lawyers Macro Chayet SuperLawyers.com
  • Rated by Super Lawyers Frank J. Danzo, III  SuperLawyers.com
  • Member National Academy of Elder Law Attorneys, Inc. TM
  • Avvo Rating 10.0 Superb Top Attorney Elder Law
  • 2015 Five Star Professional Wealth Manager Multi-Year Winner
  • Our new 2015 Medicaid Book: how to protect your Family's Assets from devastating nursing home costs
  • Proud Sponsor 2015-Denver Colorado Senior Law Day
  • Peer Review Rated For Ethical standards & Legal Ability TM Martindale Hubbell
  • Haystack