Woman charged with stealing $138,000 from vulnerable adult
Posted: Wednesday, February 4, 2015 9:04 am | Updated: 11:29 am, Wed Feb 4, 2015.
A Rochester woman accused of stealing more than $138,000 from an elderly woman has been charged with six counts of felony financial exploitation of a vulnerable adult. Lisa Lynn Kaiser, 50, was charged by summons Monday in Olmsted County District Court. Her first appearance has been set for March 16.
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The investigation began Oct. 6, when the woman and her daughter told law enforcement that they had recently discovered the victim's bank accounts were empty. They suspected Kaiser — who had power of attorney to make financial decisions for the woman — had spent the money on herself.
Kaiser had provided the family with a financial statement that purported to show there were still funds in the account; according to the criminal complaint. Authorities were advised by a bank representative that the document was likely fraudulent.
A week later, the woman's son told investigators he'd received calls from vendors who said they hadn't been paid by the business the victim owns. As family members continued the investigation, they found another bank account "had been drained" as well, the complaint says.
Kaiser allegedly sent a letter to the victim's family members, acknowledging she'd "borrowed" the money, but intended to repay it.
Law enforcement got bank statements from June 2009 through December, and noted large amounts of money from the victim's accounts had been transferred to Kaiser's personal account. The money was reportedly used to pay Kaiser's own bills and her line of credit.
According to the criminal complaint, $61,000 was taken in 2012; more than $51,615 was taken in 2013; and nearly $19,000 was taken through September 2014.
The charges carry a maximum penalty of 10 years in prison, a $20,000 fine, or both.
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