The Harris County District Attorney's Office announced Tuesday the indictment of nine individuals accused of running a sophisticated wire-fraud and elder-abuse operation that prosecutors say victimized more than 200 retirees.
How the Scheme Worked
Suspects allegedly posed as Medicare representatives and investment advisers, convincing elderly residents to transfer savings into fraudulent accounts. Wire transfers were then routed through shell companies in Delaware and Nevada.
Charges Filed
- Felony elder financial abuse (Penal Code §32.53)
- Wire fraud (federal count)
- Money laundering
- Organized criminal activity
Four of the nine defendants are in custody; five remain at large. Anyone with information is asked to contact the DA's fraud unit.