Thursday, March 21, 2013

Hollywood couple convicted of elderly exploitation

South Florida Sun-Sentinel.com

Hollywood couple convicted of elderly exploitation

They took $10 million estate from woman, 94, prosecutors said

By Wayne K. Roustan, Sun Sentinel
10:20 PM EDT, March 19, 2013
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A former Hollywood stockbroker and her financial-planner husband were convicted on Tuesday of tricking a 94-year-old woman with dementia into signing over her $10 million estate, according to the Broward State Attorney's Office.
Cynthia Franke, 51, and Tyrone Javellana, 47, were found guilty of financial exploitation of an elderly person after two hours of jury deliberation, prosecutors said.
They were accused of befriending Josephine Troisi and her since-deceased sister Mary Teris and then becoming their financial advisors.
Experts testified Troisi lacked the capacity to make sound decisions when Franke took her to an attorney to change her will and her trust in 2009.
Troisi's son uncovered the exploitation and investigators found several transfers of between $400 and $32,000 from the sisters to Franke and Javellana, police said.
Franke and Javellana face up to 30 years in prison for the first-degree felony conviction. Their sentencing is scheduled for April 19. Javellana also faces another charge of exploiting Teris, prosecutors said.

http://www.sun-sentinel.com/news/local/crime/fl-hollywood-duo-guilty-exploitation-20130319,0,7379149.story

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