Friday, July 27, 2007

Man Scams Neighboor for $180,000

Salt Lake City, Utah A 62-year-old Salt Lake City man allegedly duped his 66-year-old neighbor out of $180,000 by tricking her into investing in a children's television show that never existed.

The man allegedly had the woman write him checks and sign for bank loans to fund his company, "Globie," which was a business designed to educate children about the planet, court documents state. The alleged fraud occurred in 2004 and 2005.

The man is charged with a second-degree felony count of securities fraud and a third-degree felony count of abuse, neglect or exploitation of an elder adult.

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