Saturday, May 18, 2013

Stockbroker, Hubby Get Seven Years For Conning Dementia-Stricken, 94-Year Old Woman Into Signing Over Control Of Her $10M Estate

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

  • A Hollywood stockbroker and her husband will spend the next seven years in prison after a jury found them guilty of conning a 94-year-old friend into signing over her $10 million estate to them.

    Cynthia Franke, 52, and her husband, Tyrone Javellana, 48, were convicted on March 19 of exploitation of the elderly, a charge that carries a maximum 30-year prison term. The couple were accused of befriending Josephine Troisi, then becoming her financial advisers.

    According to prosecutors and witnesses, Franke and Javellana persuaded Troisi to disinherit her own family members and turn her fortune over to them.

    But Troisi, who suffered from dementia, 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, John, had been keeping track of his mother's finances and contacted police when he noticed payments to Franke and Javellana ranging from $500 to $5,000. In all, police said the couple tricked Troisi and her sister, Mary Teris, out of more than $100,000 and set themselves up to inherit even more.

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