- 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 (https://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.


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



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