Sunday, February 7, 2010

Guilty of Bilking $2Mil From Elderly Woman

Before jurors found a Marietta man guilty of using investment schemes to take more than $2 million from a woman in her 80s, they a got to see how a real man of confidence works, District Attorney Pat Head said.

"That's what a con man is - a man who is able to gain people's confidence," Head said. "Fortunately, he did not get the confidence of the jury."

In Cobb Superior Court, jurors found Frank Constantino, 64, guilty of three counts of theft by taking, three counts of exploitation of an elder person, six counts of violating the Georgia Securities Act, and one count of violating the Georgia Racketeer Influenced and Corrupt Organizations Act. They could not come to a unanimous decision on 16 other counts of theft and violations, thus were deadlocked.

Superior Court Judge Adele Grubbs will sentence Constantino Feb. 18 at 1:30 p.m. Head predicts he will get ten to 20 years, which could be a combination of prison and probation if the man agrees to restitution for the elder woman, Judy Cox.

Full Article and Source:
Marietta Man Guilty of Bilking $2Mil From Elderly Woman

4 comments:

Thelma said...

These people need big time in order to convince others not to commit similar crimes.

Anonymous said...

So glad they got this con man and are holding him accountable. It's to bad the same consequences don't apply to court appointed guardians. Once they have court behind them the exploitation and theft runs rampid.

George said...

$2 mil? And I bet it's all gone.

Send him up the river so far he forgets where he came from.

Anonymous said...

Did anyone ever think about how many friends this elderly woman referred to her "boyfriend"
Frank Constantino. Perhaps she
was just as guilty of pyramid
scheming as he was - since she
referred people to him and made
money off the referrals. Many of these gullible and easily persuaded victims were not mentioned in the hearings - and that's so sad. May
her conscience - if she has one -
bother her all her days on earth.