Ross man charged with taking more than $670,000 from trust
A frail, elderly Ross man has physical limitations but understands that he's facing seven felony and misdemeanor charges connected with his handling of his late sister's trust, the man's lawyer said Wednesday.
Byron B. Chadderdon, 85, stole more than $670,000 from the trust between 2005 and 2012, leaving it with about $80,000 although the bulk of it was supposed to go to his nephew and grandnephew upon Chadderdon's death, prosecutors say.
Chadderdon said during the investigation that he had the right to spend the money, according to an affidavit filed Wednesday by Detective Kevin Flanigan of the Allegheny County District Attorney's Office.
Rebecca Auld, Chadderdon's lawyer, said he still believes that.
“My client is adamant about his innocence,” she said.
Chadderdon and Flanigan declined comment after Magisterial District Judge Richard Opiela of West View arraigned Chadderdon and released him on a $100,000 unsecured bond.
Chadderdon told Opiela that he understood that the state has charged him with serious crimes and he isn't supposed to touch the trust until the charges are resolved.
Opiela said he shouldn't even attempt to contact trust officials at the bank holding the account.
“No contact whatsoever. Forget it exists,” he said.
Prosecutors have charged Chadderdon with seven counts of theft, misapplication of the trust and receiving stolen property.
Chadderdon is the executor of a trust set up by his late sister, Ora Jean C. Davis, in Hughes County, S.D., Flanigan's affidavit says.
He and two other relatives are supposed to receive only the interest from the account during Chadderdon's life, and the other two beneficiaries, a nephew and grandnephew, are supposed to divide the trust's assets after Chadderdon's death, the affidavit says.
Instead, Chadderdon withdrew money from the principal over the years, the affidavit says. He also cashed in two tax refunds that should have gone to the trust and didn't provide the trust accountant with documents that would have shown he was transferring money to a personal account, the affidavit says.
Chadderdon's nephew, Robert H. Nelson Jr. of New York, discovered the alleged thefts when his uncle was hospitalized in June and Nelson came to Pittsburgh to see him.
His uncle asked him to retrieve a phone number from his house and, during the search for the phone number, Nelson came across the trust account documents, the affidavit says.
Auld said she hasn't seen the trust documents and other evidence and couldn't comment.
Opiela scheduled Chadderdon's preliminary hearing for Wednesday.
Brian Bowling is a staff writer for Trib Total Media. He can be reached at 412-325-4301 or firstname.lastname@example.org.
Subscribe today! Click here for our subscription offers.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Pirates win bidding for Korean infielder
- Rossi: Steelers rising fast in mediocre AFC
- Penguins’ Sutter, Downie, Greiss being tested for mumps, out tonight
- Steelers’ Beachum, Williams hurting but could play vs. Bengals
- 1 person stabbed in South Connellsville
- Audit of Allegheny County Jail health provider says money being wasted
- Steelers offense learning to slam door
- Heyward, swarming defense get best of Chiefs in Steelers’ win
- Search for Duquesne University graduate Kochu continues
- Police arrest 3 in Lincoln-Lemington following shooting
- Downie, Farnham bringing a much-needed edge to the Penguins