Harrison City man allegedly used power of attorney to steal $303K from his mother
A Harrison City man took more than $300,000 from his mother's bank account under the guise of acting as her power of attorney, but bank records show the money was spent on gasoline and furniture, among other things, according to police.
At least $63,000 of the missing money was withdrawn via ATM — often at or near local casinos, detectives allege.
Giovanni Palumbi, 48, is charged with theft and misapplication of entrusted funds in connection with the money missing from the bank account of his mother, who lives in a Monroeville care facility.
Palumbi turned himself in to police Monday, according to the Allegheny County District Attorney's Office, which filed the charges.
According to the complaint, Palumbi became his mother's sole power of attorney in October 2013, giving him joint control of her bank account.
Detective Jackelyn Weibel wrote in the complaint that a total review of the victim's bank account showed that more than $193,700 was transferred into accounts controlled by Palumbi and his wife.
In addition to that and the money withdrawn at ATMs, nearly $12,000 was spent via debit card at gas stations, Goodyear and Levin Furniture as well as on Palumbi's utility bills, Weibel wrote.
All told, Palumbi diverted $303,275 from his mother's bank account, police say.
A preliminary hearing is scheduled for Nov. 10.