Janice David siphon money of elderly clients to fund lavish lifestyle
By Monitoring Desk: Sometimes the urge to have a lavish lifestyle incite people for crimes though they had never thought like a criminal in their whole of life till they thought and acted and then arrested because they are novice and do not know how to commit financial white coloured crime.
Such case is reported in Alabama, United States where a finance manager of a Legal firm having deep legal background about crime and punishment was lured by her desire to live like a princes while having a pay of a common finance department employee.
36-year-old Janice Davis was employed by a Birmingham law firm that looks after finances of elderly people. She stole nearly $300,000 from clients and used the money to fund a lavish lifestyle.
According to Al News a grand jury indicted Janice Davis on 35 criminal charges. The U.S. Marshal’s Fugitive Task Force arrested Davis at her home on October 16. She was released the following day after posting $250,000 bond.
Jefferson County sheriff’s Chief Deputy Randy Christian said the law firm of Hand Arendall LLC in July contacted the Jefferson County District Attorney’s Office after noticing a discrepancy in the firm’s Guardianship Department. The inquiry was handed over to the sheriff’s office, which launched an investigation.
Davis, authorities said, was responsible for the disbursement of payments for the firm’s attorney who had been appointed fiduciary by the Jefferson County Probate Court or the Veteran’s Administration to assist clients who had been deemed unable to oversee their personal financial affairs.
Once the discrepancy was noticed, Christian said, Davis was fired from Hand Arendall. The investigation found almost $295,000 was misappropriated from 34 accounts the firm managed through manipulation of the payment system they had in place.
The theft took place over nearly three years. Authorities said Davis used the money to pay personal bills including a $66,000 credit card balance and she bought two Mercedes.
The case was presented to a Jefferson County grand jury this month. Davis was indicted on the following charges: 10 counts of elderly abuse/neglect, 12 counts of first-degree financial exploitation of an elderly person, eight counts of second-degree financial exploitation of an elderly person, four counts of third-degree of financial exploitation an elderly person, and one count of firs-degree theft of property.
Roger Bates, a managing partner at Hand Arendall, said none of the victims will suffer any financial loss, nor did they suffer any loss of services, medical treatment, care or housing. The firm also had launched additional layers of security to its Guardianship accounts.
Bates praised the work of District Attorney Brandon Falls, Assistant District Attorney Cynthia Raulston, Sheriff Mike Hale and sheriff’s Det. Patricia K. Alexander for their work on the case.
In a prepared statement, Bates said the firm has served as fiduciary for probate court and the VA for more than 30 years. “We have always considered it an honor and privilege to help serve the needs of individuals and veterans who, for whatever reason, are unable to adequately manage their financial matters,” Bates said. “We were saddened and appalled by the actions of our former employee, but glad to know that our internal control systems correctly identified the problem.”
Sheriff Mike Hale had this to say about the case: “It’s just sickening to think about senior citizens that have done it right, worked hard and should be enjoying their golden years can be preyed on by someone like this,” he said. “I commend the law firm for acting quickly and mitigating the damage done. We are all very pleased to learn the victims are going to be made whole financially.”