Elderly Ohio couple lost $50,000 paying for house that was never built
NBC - 4 WCMH (Columbus, OH)
WILMINGTON, Ohio (WCMH) — An elderly couple's investment for a new home turned out to be a scam that left them empty-handed, Ohio Attorney General Dave Yost said Tuesday.
A Clinton County grand jury indicted Michael Foster, of Blanchester, with three felony charges, including two counts of theft from a person in a protected class and one count of telecommunications fraud. The elderly couple gave a down payment to Foster and his business, Five 13 Properties, to build a home for them, according to the indictment.
However, Yost said that Foster did not handle any work or bring any materials related to building the home, and he didn't issue a refund to the couple. He then texted the couple between June 2021 to January 2022 to lead them on while also continuously receiving more money from them for the promised house.
The Economic Crimes Unit from Yost's office will handle prosecuting Foster's case. Clinton County court records showed a judge had issued a warrant for Foster, but that no appearances had been scheduled as of Tuesday evening.
Missouri to begin Medicaid renewals, vowing as ‘seamless’ a process as possible
Doctor admits writing phony prescriptions in $5M scheme
Advisor News
- How to manage credit card debt in retirement
- Reynolds signs temporary tax hike
- Gov. Kim Reynolds signs temporary tax hike to address Iowa Medicaid shortfall
- Reynolds signs temporary tax hike to address Iowa Medicaid shortfall
- Temporary tax hike to fill Iowa Medicaid gap heads to governor’s desk
More Advisor NewsAnnuity News
- Corebridge, Equitable merge to create potential new annuity sales king
- LIMRA: Final retail annuity sales total $464.1 billion in 2025
- How annuities can enhance retirement income for post-pension clients
- We can help find a loved one’s life insurance policy
- 2025: A record-breaking year for annuity sales via banks and BDs
More Annuity NewsHealth/Employee Benefits News
- The Superpowers of Disability Attorneys
- Avoid Mistakes: Common Reasons Why SSDI Claims are Denied
- BARB KALBACH: A pair of somber anniversaries
- FDA chief talks about the need for speed in drug approvals
- Northwestern Medicine steps up support for Crystal Lake community health clinic as insurance costs soar
More Health/Employee Benefits NewsLife Insurance News
- Corebridge, Equitable Merger Creates $1.5tr Platfrom
- AM Best Removes from Under Review with Positive Implications and Affirms Credit Ratings of Sompo Seguros Mexico S.A. de C.V.
- Corebridge, Equitable merge to create potential new annuity sales king
- Aflac adds new long-term care rider
- AM Best Affirms Credit Ratings of Nan Shan General Insurance Co., Ltd.
More Life Insurance News