BY ZACH HOSSEINI
SPECIAL TO NEWJERSEYNEWSROOM.COM
TRENTON – Acting Attorney General John J. Hoffman and the Office of the Insurance Fraud Prosecutor (OIFP) announced today that an East Orange man was sentenced to five years in state prison for stealing $50,000 from a fellow resident of a senior citizens home, coercing his dementia-stricken 90-year-old neighbor and friend into withdrawing the money from an annuity account as the state Office of the Public Guardian for the Elderly began protecting the victim’s finances.
Gilbert Vaughn, 64, was sentenced by Essex County Superior Court Judge Michael L. Ravin in Newark. In addition to his prison sentence, Vaughn was ordered to pay restitution in the amount of $50,000. In September, Vaughn pleaded guilty to charges that in August 2013 he began to coerce the victim to withdraw money he held in an annuity from Western National Insurance Company, a subsidiary of American International Group (AIG). A withdrawal in the amount of $50,000 was made before AIG froze the account.