SAUGUS, Mass. (AP) — A Massachusetts woman was convicted of wire fraud and identity theft amid a larger scheme to defraud her uncle of his life savings, the U.S. Attorney’s office said Tuesday.
Jayne Carbone, 52, a Saugus resident, managed her uncle’s finances and stole more than $400,000 from his personal checking account, The Daily Item reported.
Prosecutors said Carbone would regularly withdraw funds from her uncle's retirement insurance. She would transfer the funds from his account to her own and provide her uncle with falsified bank statements to cover up the misappropriated funds.
Carbone faces up to 20 years in prison, three years of supervised release and two fines of up to $250,000 each for the wire fraud and identity theft charges.