AG: Insurance agent stole $270K from Alzheimer's patient
Michigan Attorney General Bill Schuette has charged a 57-year-old Paw Paw man with seven felonies related to his alleged abuse of power of attorney for an Alzheimer's patient.
Brian Lietzau used to own a Farm Bureau insurance practice. According to a statement from the AG's office, Lietzau obtained a durable power of attorney from the victim, an elderly woman, in 2012. Authorities say he wrote checks to himself "as well as allegedly converted her funds to be his own," despite not being listed as a beneficiary on any of her accounts.
"Several of these alleged transfers occurred while his client was in the hospital and after she had passed away," the statement said. These alleged thefts totaled some $270,000.
The Elder Financial Crimes Unit investigated the case.
The charges Lietzau faces are: conducting a continuing criminal enterprise, embezzlement from a vulnerable adult over $100,000, two counts of embezzlement by an agent over $100,000, and three counts of using a computer to commit a crime.