EL PASO, Texas - An El Paso man with Power of Attorney privileges is accused of stealing nearly half a million dollars from an elderly woman.
The El Paso Police Department's White Collar Unit arrested Timothy Vida, 56, and charged him with "Misapplication of Fiduciary Property > = $200K."
ABC-7 has learned a Grand Jury indicted Vida on the charge in addition to "Theft of Property over $200,000."
Police say the 87-year-old woman granted Vida Power of Attorney privileges on October 11, 2013. The federal indictment identifies the accuser as Shimako Hill.
Vida executed multiple financial transactions, allegedly transferring $664,945 from Hill's bank account into his personal bank accounts, police said.
Vida allegedly used the victim's funds, in the amount of $475,000, to buy a condominium and two vehicles, police added.
Investigators said Vida also used the accuser's funds to pay for business expenses, airfare, hotel fees, entertainment, shopping, and large cash withdrawals at casinos around the country.
An attorney representing the victim in the case could not talk about specifics on the case but did give advice on what to look out for when it comes to those preying on the elderly.
"If you have and elderly person and someone starts coming around on a regular basis who's not an immediate family member, somebody who's not been around that person..has not been a long time friend or relative...if they are taking them to the bank that's a big red flag," said attorney Alexander Neill.
Neill said knowing who's managing medical -- household and financial paperwork is crucial.
"Family involvement is very important," Niell added.
Neill recommends designating someone as a decision maker.
"You want to make sure you have someone in mind with financial and medical decisions if you no longer have the ability to do so yourself. Doing that ahead of time is the most single way you can be prepared and avoid this type of problem," Neill said.
Vida was booked into the El Paso County Jail on Saturday, July 1, 2017.
His bond was set at $50,000.
ABC-7 learned Vida posted bond the same day he was arrested.
If you suspect an elderly person is being exploited you can call Adult Protective Services at 1-800-252-5400.