ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Elderly Landlord Reportedly Victimized by Tenant, $77K Allegedly Stolen

Incidents of fraud against seniors have significantly risen across the nation.
PUBLISHED APR 10, 2024
Cover Image Source: Pexels | Photo by Ron Lach
Cover Image Source: Pexels | Photo by Ron Lach

Exploitation of the elderly has emerged as a distressing issue within Miami-Dade County, a matter brought to the forefront by State Attorney Katherine Fernandez-Rundle. Recent occurrences have starkly illuminated the gravity of this concern, casting a spotlight on the vulnerability of the elderly population. Just this week, the authorities took decisive action, apprehending two individuals suspected of preying upon and defrauding elderly victims.

Image Source: Photo by Karolina Grabowska | Pexels
Representative Image: Photo by Karolina Grabowska | Pexels

Yaroslan Bartutis is one of the accused, facing charges related to fraudulent activities against his former landlord, Valentino Zolli. Bartutis stands accused of utilizing Zolli's bank account to settle his own credit card bills and luxury car payments, amounting to over $77,000.

Doral Police Chief Edwin Lopez expressed bewilderment at Bartutis's inability to provide a plausible explanation for these transactions. "He couldn't explain why he had charged in excess of $77,000. He couldn't provide the means of payment for a Lamborghini, for thousands of dollars in credit card payments," Lopez said.

Zolli, a resident of Venezuela, entrusted a realtor with the management of his property, which Bartutis occupied. The accused would purportedly make rent payments via bank transfer each month, providing him access to the landlord's account details. However, it wasn't until approximately nine months later, during his annual accounting, that Zolli discovered the unauthorized transactions.

Image Source: cottonbro studio/Pexels
Image Source: Photo by Cotton-bro Studio | Pexels

Expressing his frustration, Zolli lamented the lack of security measures from the bank. "You're better off saving your money under a mattress instead of the bank," he said.

In court, Bartutis's defense attorney, Jose Teurbe-Tolon, contested the charge of elderly exploitation, citing the absence of the victim's age in the police report. However, the landlord later told NBC6 that he is 67 years old, reinforcing the severity of the alleged exploitation.

Huy Phan | Unsplash
Image Source: Photo by Huy Phan | Unsplash

In a separate case highlighting the grim reality of elderly exploitation, Manuel Diaz stands accused of embezzling approximately $50,000 from his 95-year-old mother. Following the death of his father, Diaz purportedly persuaded his mother to transfer funds into a joint account, which he subsequently drained.

As a result, the elderly woman faced the threat of eviction, left with minimal financial resources and support. Fernandez-Rundle condemned the accused's actions. "Even when he knew that she was going to be evicted, she didn't have the money, all he did was give her $6,000 and then left. Left her in the lurch," she said.

However, with the intervention of the State Attorney's Office, the 95-year-old was able to secure alternative housing. Despite the allegations leveled against them, Diaz's family maintains his innocence.

Pexels | Photo by Pixabay
Image Source: Pexels | Photo by Pixabay

"When older adults are intentionally seeking and sharing knowledge on how current scams are perpetrated, along with what red flags to look for, this builds the ability to reflect on the situation while it is occurring, as well as to pause and reflect," explained Soo-Lynn Getz, Director of Fraud Prevention at Zelle. "The power of that pause could support an older adult in stopping the emotional response to act without thinking."

MORE ON MARKET REALIST
A popular name has come up in every conversation about White's successor.
18 hours ago
Lori Greiner wasn't happy at all as Mark Cuban and Maria Sharapova snubbed her for a deal.
21 hours ago
Fans took to Reddit to discuss the issue with Seacrest not reminding the players of one crucial element.
1 day ago
When Rick Harrison's side kick bought King Booker's boots, he had to make sure it was the real deal.
1 day ago
Turns out the Hollywood star is quite the fan of former U.S. President, Ronald Reagan.
1 day ago
Harrison bagged one of Jabbar's personal items and a chance to go to a Lakers game with him
2 days ago
Recently, the Bonus Round of the show has featured many old phrases that led to heartbreaking losses.
2 days ago
Lubetzky was the first to drop out but then came back as he was impressed by the entrepreneur.
3 days ago
The appraiser took the guest's breath away as she was expecting to get much less for it.
3 days ago
The show got close to hitting the record of the longest Bonus Round losing streak.
3 days ago
She continued to be hyperactive throughout the game even with her answers.
3 days ago
With four offers on the table, the founders of Bucket Golf smartly got a deal that they wanted.
3 days ago
Fans took to Reddit to discuss if the show has gotten a little too social for its style.
4 days ago
When the Holy Grail toy came up to Harrison's table, he wasn't willing to let it go.
4 days ago
The founder of 'Noshi Food Paint' was down to the last shark for a deal.
5 days ago
Ashia who won $25,000 executed an epic celebration after her win in the "To The Penny" game.
5 days ago
Harrison was offering more than he usually does but the seller was also adamant.
5 days ago
It turned out that the gift came from one of the greatest American sculptors in history.
5 days ago
The guest who got the collection at an auction was shocked to find out its true value.
6 days ago
The guest who paid $15 for the storage cabinet was pleasantly surprised in the end.
7 days ago