Son Bilks Elderly Mother OfSavings

July 18, 2005, 1:00 a.m. EDT 1 Min Read

FAIRFIELD, Calif. - (07/18/05) -- A Vacaville man was charged lastweek with drugging his elderly mother and taking her to her creditunion where she was induced to sign her name to cashiers' checksrepresenting her life savings of more than $100,000 in April andMay. Mark Cox was ordered to stand trial on a felony charge ofelderly abuse. His 72-year-old mother testified in tears last weekhow her son and a man she believed to be a pastor drugged her, thentook her to the Travis CU, where she signed her name to a cashier'scheck, nearly emptying her account. A detective testified that Coxhad already drained more than $80,000 from her mother'saccount.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Economy

Inflation up modestly in September; Fed on track for cut

The Bureau of Labor Statistics released its latest Consumer Price Index reading Friday morning, showing inflation rose by 0.3% in September, slightly below August's pace. The report also found core inflation steady at 3.0%, even as shelter costs eased and gasoline prices spiked.

By Ebrima Santos Sanneh

34m ago
Consumer banking

Citi has 'moved on' from credit card complaints, exec says

Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.

By Nathan Place

1h ago
Earnings

Flagstar reports another net loss amid ongoing revamp

The Long Island-based bank hasn't been profitable in eight quarters, but executives maintain that it's on the right path, citing more loan book diversity, lower expenses and an improved margin.

By Allissa Kline

2h ago
Workforce management

Three C-suite bankers on how to manage every generation

From baby boomers' family needs to the fearlessness of Gen Z, three bank executives discussed the work habits of different age groups at American Banker's Most Powerful Women in Banking conference.

By Nathan Place

5h ago
Bank of America

BofA seeks to dismiss COVID-era unemployment fraud claims

The bank asks a federal court to toss claims from five certified classes, arguing victims have been paid and that fraudsters are included in the suit.

By Carter Pape

October 23
2025 Most Powerful Women in Banking

BNY sees blockchain as future of finance infrastructure

BNY's Carolyn Weinberg believes blockchain technology could be the key to an always-on operating system for the New York-based custody bank.

By Melinda Huspen

October 23