- Associated Press - Friday, October 3, 2014

COLORADO SPRINGS, Colo. (AP) - A bankrupt Colorado Springs real estate developer has been arrested for allegedly persuading an elderly, confused business associate to write checks on her behalf totaling almost $1 million.

The Gazette reports (http://bit.ly/1EaFGjx ) 60-year-old Jannie Richardson was arrested Wednesday on suspicion of theft from an at-risk elder. She is accused of persuading an 84-year-old man to write checks of $350,000, $300,000 and $320,000 in April. The checks were made out to Richardson’s daughter, and Richardson deposited them into her daughter’s bank account.

Investigators say Richardson told them she borrowed the money for a residential and commercial development. But a probable cause affidavit says investigators “can find no documentation showing where that money went or what it paid for.”

Richardson’s company filed for Chapter 11 bankruptcy protection in February 2010.

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Information from: The Gazette, http://www.gazette.com

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