Pinay accused of stealing P21M savings of 90-year-old American employer

Pinay accused of stealing P21M savings of 90-year-old American employer


KIMBERLY JANE TAN, GMA NEWS April 9, 2012 6:20pm

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A Filipina caregiver is being accused of stealing around $500,000 (or around P21.4 million) from a 90-year-old man in Chicago she used to take care of.

A report posted on The Filipino Reporter said Filipina caregiver Carmelita Pasamba amassed around half a million dollars during the two and a half years she worked for her employer Marshall Davies, a former engineer who was reportedly suffering from dementia.

“Mr. Davies was extremely vulnerable. He was nearly 90 years old in 2008. He was already exhibiting signs of dementia. And so he was the perfect prey. Essentially Mr. Davies was their own personal ATM machine," the report quoted assistant public guardian James Burton as telling CBS News.

Pasamba was reportedly hired by Davies' family in 2008.

Last will

Burton said the alleged scheme started when Pasamba brought Davies to the Filipino American Council of Chicago (FACC), where he executed a new last will and trust agreement.

Under the agreement, $175,000 (or more than P7.5 million) will be granted to Pasamba and her family while $20,000 (or around P860,000) will be granted to various social service agencies affiliated with the FACC once Davies passes away.

Pasamba was also reportedly given a power of attorney to handle her employer's financial affairs, including the authority to withdraw from his bank account and write checks .

Evidence obtained by the Cook County Public Guardian’s Office showed that Pasamba allegedly used Davie's money to make a $10,000 (almost P430,000) down payment on a new $50,000 (more than P2.1 million) Mercedes-Benz.

She likewise reportedly wrote checks for her daughter's tuition and her son's dance studio.

She also allegedly gave herself a $50,000 bonus, $20,000 to remodel her apartment, and three cash withdrawals of $50,000 each.

Worst cases of financial exploitation

The Public Guardian’s Office said this case is one of the worst cases of financial exploitation they have ever handled.

“I call it theft — that’s what it is,” Burton said in the report.
The Public Guardian’s Office said it will try to recover Davies' retirement money and sue all the people who were involved in the scheme.

Pasamba, meanwhile, said the transactions were loans and that she had always asked for Davies' consent whenever she made any financial decisions.

“He was competent and he was alert and oriented the time that I was working for him,” she told CBS investigative journalist Pam Zekman.

However, in the same report, Pasamba admitted that she should not have spent her employer's money.

“I just realize that what I did is not right,” she said. - VVP, GMA News

Please read complete article at link below:


http://www.gmanetwork.com/news/story/254348/pinoyabroad/pinay-accused-of-stealing-p21m-savings-of-90-year-old-american-employer

Editor's note: This Shark would like to see the Public Guardian's Office "try" to recover the funds that were stolen from the estate of Alice R. Gore.

Alice R. Gore Estate value about 1 million dollars: Alice R. Gore, deceased, a disabled 99 year old ward of the Probate Court of Cook County, Judge Kawamoto’s courtroom was hours away from ending up in the Cook County Morgue. Alice's estate was depleted by probate court parasites and there were reportedly no funds to bury her. Her loving family paid for the burial expenses so that Alice would not have to suffer the indignity of being stacked like an Auschwitz inmate in the Cook County morgue. The judge allowed an easily manipulated mentally disabled granddaughter to be appointed as Alice’s guardian and yet no sanctions were instituted against the judge or court officers for this blatant infraction of the law. An ethics board staffed by “citizens” would be appropriate to prevent fleecing of estates! Lucius Verenus, Schoolmaster, ProbateSharks.com


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