Editor’s note: The Faskowitz gang in Florida posed as realitives of deceased Irving Fisk Faskowitz and raided his estate. The difference between the Matawan case is they had clout and got away with the robbery. Lucius Verenus, Schoolmaster, ProbateSharks.com
Matawan man admits to stealing $1M, house from dying woman with dementia
James J. Demitro was arrested on Aug. 19, 2011, following a five-month investigation by the Monmouth County Prosecutor’s Office and Monmouth County Adult Protective Services into suspicious real estate, financial and estate planning transactions undertaken by him.
According to prosecutor’s office, the investigation revealed that Demitro obtained nearly $1 million from an 87-year-old Red Bank woman with dementia and terminal cancer by posing as her nephew.
Demitro also enlisted the services of multiple attorneys to further his scheme to defraud the woman, the prosecutor’s office said, including coordinating the deed of the woman’s home to him for $1 and preparing a Last Will and Testament that named him full beneficiary and executor of her estate.
The woman had lived in the Red Bank home, which was built by her father and grandfather, since 1925.
When Demitro was arrested, authorities froze two of his bank accounts, which contained approximately $600,000 taken from the victim. A Ferrari Spyder that Demitro purchased with about $150,000 he had taken from the victim was also seized, the prosecutor’s office said.
The 43-year-old Demitro, who also goes by the name Anthony Tatalia, pleaded guilty in front of Monmouth County Superior Court Judge Francis Vernoia on Thursday, to second-degree attempted impersonation, five counts of second-degree theft by deception and two counts of third-degree theft by deception, Acting Monmouth County Prosecutor Christopher Gramiccioni announced Friday.
Under the terms of a plea agreement, Demitro now faces eight years in New Jersey State Prison and will not be eligible for parole for three and a half years.
The Prosecutor’s Office said Demitro will also consent to the probate of the victim’s genuine Last Will and Testament from 2005, the forfeiture of the funds in the frozen bank accounts and he will surrender the Ferrari Spyder. All of the forfeiture proceeds and a deed for the real estate will be returned to the victim’s estate.
Demitro is scheduled to be sentenced in front of Judge Vernoia on June 7
http://www.nj.com/monmouth/index.ssf/2013/04/matawan_man_admits_to_stealing_1m_house_from_dying_woman_with_dementia.html
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