Carmel, CA Elder Abuse Victims Send Their Tormentor To Prison For Nine Years

John Lloyd Osborne IV, himself almost a senior at 64 years of age, was sentenced to nine years in prison after pleading guilty to four counts of theft from an elderly person, one count of theft from a dependent adult, one count of forgery, one count of identity theft, one count of using fraud in the offer or sale of a security and one count of conspiracy to destroy evidence.  Back in 2006, Osborne solicited $250K from one elder victim to invest in a shell company that never did anything.  In 2010 and 2011, he used false pretenses to solicit $100K from one victim and $5,000 from another.  In 2015, he obtained power of attorney over a dependent adult who was unable to care for himself.  He refinanced the victim’s house and paid himself $250K.  Then in 2018, he sold the worthless company to someone else for $200K.  How brazen!  You would be amazed at how easily some seniors are scammed out of their life savings.