Iredell Man Accused Of Siphoning Elderly Neighbor's Money: ICSO

IREDELL COUNTY, NC — An Iredell County man was arrested recently after authorities accused him of abusing a position of trust with an elderly neighbor with a compromised mental capacity in order to siphon money from the victims' bank account and gain ownership of the victim's home.

According to the Iredell County Sheriff's Office, detectives launched an investigation into William Christopher Giles, 50, of Statesville in August after receiving a report.

Investigators then verified that the elderly victim was taken to a financial institution to alter bank accounts.

"Financial records were gathered, interviews were conducted, medical records were collected, and civil court proceedings occurred," ICSO said. "Over the course of the lengthy investigation it was found that Giles was using his position of trust as a neighbor to the elderly victim to siphon money out of the victim’s financial account, create new accounts, and attempt to purchase the victim’s home while knowing of the victim’s compromised mental capacity and elderly status."

Giles was charged with one count of felony exploitation of an older or disabled adult. His secured bond was set at $50,000.

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