95-year-old bilked out of more than $900,000 in power of attorney fraud

Police say a 95-year-old man was victimized by a family member acting as his power of attorney, with more than $900,000 transferred out of the senior’s bank account over the course of a year.

The Durham Regional Police Older Adult Support and Investigative Services Unit began an investigation into the suspect in April of last year after it was reported that he was fraudulently transferring funds from the victim’s account while acting as Power of Attorney. Investigators determined the suspect had transferred more than $900,000 in funds without the victim’s knowledge or consent.

A 62-year-old man from Whitchurch-Stouffville was arrested June 22 and charged with theft by person holding power of attorney, theft over $5,000 and possession of proceeds of crime.

He was released on an Undertaking.

Both the suspect and victim are known to each other. The identity of the accused is being withheld to protect the identity of the victim.

Anyone with information about this or similar incidents is asked to contact D/Cst. Carquez of the Older Adult Support and Investigative Services Unit at 1-888-579-1520 ext. 5618.

The Durham Regional Police Service’s Older Adult Support and Investigative Services Unit is actively investigating a growing number of concerns involving the older adult community.

The unit has received “multiple reports” of thefts committed by individuals holding Power of Attorney, police said. “These reports suggest that some older adults are being taken advantage of by loved ones entrusted as Attorneys for Property and/or Personal Care.”

Police acknowledged the importance of having a Powers of Attorney in place for both property and personal care in special circumstances. “These documents allow someone you trust to make financial or health-related decisions on your behalf if you are unable to do so. Without them, your loved ones may face delays, added stress, and legal barriers when trying to help.”

It is “critical” to understand that anyone acting under a Power of Attorney has a “legal and fiduciary duty to act with honesty, integrity, and solely in the best interests of the incapable person.”

“Take the time to speak with a qualified lawyer to ensure your wishes are clearly documented and legally protected. Choose someone you trust – someone who understands your values, will act in your best interests, and is willing to carry out your decisions, not their own. It’s also important to have open conversations with that person so they fully understand your expectations.”

If you or a loved one believe a Power of Attorney is misusing their authority, or if you know an older adult who may be a victim of this, contact Durham Regional Police at (905) 579-1520.

Anonymous information can be sent to Durham Regional Crime Stoppers at 1-800-222-TIPS (8477) or online at www.durhamregionalcrimestoppers.ca and tipsters may be eligible for a cash reward.