Eric Borghetti, 51, has been charged with embezzling more than $328,000 from his elderly family member after being appointed her fiduciary. After a house fire and the victim's subsequent appointment of Borghetti with Durable Power of Attorney, he allegedly exploited his position by accessing her bank accounts. Prosecutors highlighted the breach of trust common in such elder abuse cases, noting that this incident emphasizes the need for vigilance and swift action if one suspects financial exploitation.
The language of the DPOA did not authorize Mr. Borghetti to receive compensation or gifts in connection with his duties under the DPOA.
This case illustrates one of the most common forms of elder abuse, the financial exploitation by a trusted family member.
While these violations of trust may not initially be suspected among family members, this case shows the importance of acting quickly if you are concerned.
Here, this defendant seized an opportunity following a large insurance settlement and was able to embezzle a huge amount of money in a matter of a few months.
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