COLORADO SPRINGS, Colo. (AP) - A jury has acquitted a Colorado Springs real estate developer accused of persuading an elderly, confused business associate to write checks on her behalf totaling almost $1 million.
The Gazette reports (https://goo.gl/827JOU ) Jannie Richardson was found not guilty Friday of charges she stole from 84-year-old Nelson “Buz” Rieger, a former business associate who has Alzheimer’s disease.
The charges stemmed from an April 2014 investment made by Rieger to help Richardson revive a failed development project.
Juror Christopher Fedele tells the newspaper the defense made a compelling argument that the deal was legitimate and could have been profitable for both Rieger and Richardson had it gone through.
In 2008, work stopped because of Richardson’s financial troubles, and in 2010, she and her development company filed for Chapter 11 bankruptcy protection.
Information from: The Gazette, https://www.gazette.com
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