A Chicago banker has recently pled guilty to stealing over $328,000 from three elderly bank customers. She had originally been charged with financial exploitation of the elderly, aggravated identity theft, and financial institution fraud.
Christine Lange, a 48-year-old banker, was an account executive at the Trust Company of Illinois in Downers Grove where she gained access to the victims’ accounts. Over the course of four years between 2012 and 2016, she moved money from their accounts to her own personal accounts.
In 2017, a warrant was finally issued and she was arrested. Her bail was set at a quarter of a million dollars. She is currently out on bail and is awaiting sentencing, which may result in a jail term of 4 to 15 years.
According the Daily Herald, the thievery was discovered during an internal audit and not by the victims, who were all in their 90s.
While we can be cautious about avoiding overt scammers and theft, such as in email phishing attempts or home robberies, it can be difficult when the people we entrust to provide services, including banking services, are the ones who are doing the stealing.
Even if you think your money is in good hands, it is still wise to check bank and credit card statements each month and compare them against your spending and bills to make certain that your money is going to where you intend it to, and in the amount you intended. Even if theft does not occur, errors may. Being aware of your finances can help to catch these things early on before real damage is done. In the case of the very elderly, it is important to have someone that can really be trusted to look over the finances and monthly spending to make certain that everything is as it should be.
We can Help! Our local advisors can help your family make a confident decision about senior living.