Man Charged with Fraud for Mortgaging Grandfather's Home
Venice Jaymes Gamble II, 20, Reseda, California, was charged with 7 felony counts of fraud, including financial elder abuse and identity theft in connection with allegations that Gamble used his 70-year-old grandfather's identity and obtained a second mortgage home loan in the amount of $125,000.00.
The victim discovered the loan when he began receiving collection notices on his North Long Beach, California home from the mortgage company in late spring 2006. The victim was then facing foreclosure and turned to the police department for assistance. After a 6-month investigation, investigators discovered that Gamble also obtained various credit cards and purchased three vehicles under his grandfather's identity. The total loss was approximately $230,000.00.
The identification of Gamble as the suspect prevented the foreclosure of the victim's home. Gamble faces up to 10 years in state prison if convicted on all counts.
Friday, January 12, 2007
Elder Abuse in the NEWS!
ELDER ABUSE: IN THE NEWS