People have been attempting to scam others out of their money for as long as money has existed. Many different schemes exist that people fall for over and over again. Recently, people have been falling for a scam involving fake inheritances. However, if the scammer is caught, the result is likely to be jail time.
A Missouri man, Dana Jefferson, was recently convicted of scamming lenders out of $740,000. He would tell the lenders that his father had left him a large inheritance that he did not currently have access to and promise to repay the loans when he received the inherited money.
Instead, he spent the money by going on cruises and getting plastic surgery.
The details of his story often changed.
He told different lenders he inherited different amounts. Jefferson even used several aliases during his scheme.
Fox 2 Now reported the story in an article titled “O’Fallon man sentenced for bogus inheritance tale.”
One of the important details that has been left out of the story is who the lenders were.
It would be interesting and enlightening to know if these were sophisticated, professional lenders or not. However, a lesson to be learned is that you should never lend someone money based on an inheritance without first getting reliable evidence that the inheritance exists.
Please contact our office today at 239-225-7911 to schedule an appointment with Barbara M. Pizzolato if you are interested in protecting your legacy and need to create or update your estate plan. You may also wish to attend one of our free seminars.
Reference: Fox 2 Now (May 8, 2015) “O’Fallon man sentenced for bogus inheritance tale.”