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NJ: Financial Advisor Siphoned $1 Million From 98-Year-Old Widow's Account
A financial adviser from Mahwah pocketed nearly $700,000 and diverted another $300,000 or so of a 98-year-old widow’s money, said state authorities who stripped him of his ability to operate any longer in New Jersey.
John Joseph Cahill, 71, used the woman’s bank account to write and cash $693,990 worth of checks, state Attorney General Gurbir S. Grewal said Friday.
Cahill also used the account to pay his daughter, his wife, and various others more than $300,000 to provide unexplained services to the woman, the attorney general said.
Cahill had been granted power of attorney for the victim,…
Trio Charged With Stealing $1.5M From Senior Citizens In Toms River
Two Toms River residents and an accountant from Brick Township have been arrested for stealing $1.5 million from two elderly relatives, authorities said.
Jeffrey Dampf, 69, of Brick is accused of taking advantage of his two elderly siblings with the help of Robert Tindall, 46, and Leanna Guido, 47, both of Toms River, Ocean County Prosecutor Bradley D. Billhimer said on Friday.
Using power of attorney and acting as his siblings' accountant, Dampf hired Tindall and Guido as home health aides and sent them more than $1.5 million, pretending it was a reimbursement, according to Billhimer.…
