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
At the World Economic Forum, Trump made claims about the economy that the numbers fail to support.
1 hour ago
The court is hearing arguments in a case challenging the president's authority to fire Cook.
21 hours ago
The sweeping order directs the FTC and DOJ to limit purchase of homes by institutional investors.
1 day ago
Despite the pushback, Trump has made it clear that there is "no going back" on the issue.
1 day ago
Harvey knew the answer wouldn't be on the board as he had some first hand experience.
1 day ago
The guest, who knew about the artist's popularity, didn't expect to get a five-figure appraisal.
1 day ago
New tariffs will follow immediately if the court voids current ones.
2 days ago
Harvey was sure the answer was too weak as he knew women well enough.
2 days ago
The economist warned that the mounting debt, interest payments could push the U.S. into depression.
2 days ago
As per disclosures, Trump bought $2 million in bonds days before the announcement of a $82.7bn deal.
2 days ago
Harvey jokingly whispered to the contestant how she got it wrong.
3 days ago
While the player claimed he was covering for his family, Harvey wasn't convinced.
3 days ago
About 1.5 million subscribers were affected by the seven-hour-long outage.
5 days ago
The country in Trump's crosshairs accounts for roughly 4% of the global oil production.
5 days ago
Harvey made the joke at the risk of landing in trouble at home.
5 days ago
Harvey simply said "My Man!" as soon as he heard the player's response.
6 days ago
As president Trump pushes for measures to acquire the island, new poll shows Americans aren't sure.
6 days ago
Trump said starting Feb. 1, his administration will block funds, but he didn't provide specifics.
6 days ago
Harvey did not like the opinion about men that he heard from Maria.
7 days ago