Holocaust survivors' life savings wiped out by grandson...

[Bigmack]

I know a little bit firsthand about this one. Really ugly. Check out the comments at the end of the story at the site.
- - - - - -
Charge: Bellevue Holocaust survivors' life savings wiped out by grandson

A 36-year-old Bothell man is facing felony theft charges on allegations he lived the good life by bilking his grandparents -- Holocaust survivors who'd put their finances in his care -- out of their life savings.

In charges filed earlier this month in King County Superior Court, prosecutors say Marc Kaye went so far as to steal his grandparents Holocaust reparations checks while he was draining their savings and living in a home they'd bought. The detective estimated that Kaye and his wife removed $134,000 from his grandparents' bank accounts, essentially draining them.

With the money, prosecutors claim, Kaye bought his family three jet skis, went skydiving and took expensive trips.
"Marc had assumed responsibility … over his grandparents' financial affairs but spent all their money on himself and his family using it to purchase luxury items such as jet skis, expensive trips and vacations for his family," Bellevue Detective Kevin Kliewer told the court.

http://www.seattlepi.com/local/428452_bilk14.html

[Taverner]

1. My Uncle did this to Grandma

I've been there - nothing destroys a family like this

[MedicalAdmin]

7. My wife uncle did this same thing to his mother after his father passed away.

An estate that should have given all the grandkids free college education at least and still kept the family farm had to be sold off piecemeal to pay the debts that Uncle Thief got away with. He should have served time, but gramps kept all his wealth in easily negotiable notes in a safe in the basement because he didn't trust banks and, apparently, had never heard of the FDIC.

It really broke the family up. They chose sides and haven't spoken to each other much since.

[Taverner]

9. With my Uncle, My dad promised to Grandma on her deathbed not to prosecute

And Uncle Thief had the gall to demand 1/3 of what was left over, threatening to hold it up in court if they didn't.

The fucker...

[gmoney]

2. Sadly, this happens all the time to the elderly...

to one extent or another.

[RagAss]

Well if this dude doesn't burn in Hell.....nobody has to worry about it.

[RagAss]

3. Well if this dude doesn't burn in Hell.....nobody has to worry about it.

[Odin2005]

4. If people still respected their elders instead of considering them useless eaters this shit...

...would not happen.

[mainer]

5. Holy mackerel. Where are the grandson's parents in this?

Are they dead? Why aren't they in charge of grandpa's finances?

They raised a real piece of work.

[Bigmack]

11. Yup... absent father.. dead mother. nt

[NBachers]

6. The bookends of their lives- Hitler and their grandson

[lunatica]

8. My father in law used to hate going to the bank with his elderly mother

Because the people in the bank invariably treated him as if he was there to make her take her money out of the bank to give to him. He used to fume in frustrated anger. He said they used to look him up and down while asking his mother all kinds of questions about whether she was really really sure she wanted to take out some money.

Stories like this is the reason they treated him like that.

[mainer]

10. It's sad that truly caring kids garner suspicious looks

because of the crimes of others.

The safest thing to do sometimes is have two different siblings share mom's power of attorney, so they can keep an eye on each other.

[Liberal_in_LA]

14. I'm glad the bank employees are looking out for the elderly, I feel your FIL's pain also

[Liberal_in_LA]

12. glad he's being prosecuted

[Honeycombe8]

13. What a horrid little jerk. How does he live with himself? Still...can't help but wonder...

what kind of upbringing did he have, to turn out to be the kind of person who would do such a thing? Presumably it was the grandparents' child who raised this bad seed.

That's not an excuse. I just wonder if that was a spoiled little kid who always got his way....and it continues into his adulthood.