Saturday, March 30, 2013

Financially-Savvy Hubby & Wife Go Down After Jury Conviction For Duping Dementia-Stricken 94-Year Old Woman Into Signing Over Her $10M Estate

In Fort Lauderdale, Florida, the South Florida Sun Sentinel reports:

  • A former Hollywood stockbroker and her financial-planner husband were convicted [...] of tricking a 94-year-old woman with dementia into signing over her $10 million estate, according to the Broward State Attorney's Office.

    Cynthia Franke, 51, and Tyrone Javellana, 47, were found guilty of financial exploitation of an elderly person after two hours of jury deliberation, prosecutors said. They were accused of befriending Josephine Troisi and her since-deceased sister Mary Teris and then becoming their financial advisors.

    Experts testified Troisi lacked the capacity to make sound decisions when Franke took her to an attorney to change her will and her trust in 2009.

    Troisi's son uncovered the exploitation and investigators found several transfers of between $400 and $32,000 from the sisters to Franke and Javellana, police said.

    Franke and Javellana face up to 30 years in prison for the first-degree felony conviction. Their sentencing is scheduled for April 19. Javellana also faces another charge of exploiting Teris, prosecutors said.
Source: Hollywood couple convicted of elderly exploitation (They took $10 million estate from woman, 94, prosecutors said).

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