Do you remember the spree of inheritance scams that were popping up around South Florida? Did you hear about the St. Louis man that was sentenced to forty-two months in prison for an inheritance story scam? You may want to learn more about this interesting inheritance scam.
South Florida Inheritance Scams
- Palm Beach residents know that letters from an international bank regarding a long lost relative who left you an inheritance are usually a scam.
- Banks do not ask you to advance fees for money that does not make sense.
- Experienced Palm Beach probate attorneys know that this is not how an inheritance is passed.
- Did you get a letter in the mail asking you to advance funds to a European bank; you may need to report this to the local authorities.
- Some people have already taken to alerting the authorities and that is why one St. Louis man was just sentenced to prison after an inheritance scam.
Suburban St. Louis Sentenced for Inheritance Story Scam
- A suburban St. Louis man has been sentenced to three years and six months in prison for lying about getting a large inheritance to scam lenders.
- He was sentenced in federal court for four felony counts of wire fraud.
- The prosecutors report that prospective lenders were told that the man’s father had left him between $5 million and $200 million.
- The man said that the money was tied up and promised to pay extra on loans or buy lender’s things, such as homes, once he got his inheritance.
- In total nine people had lent the St. Louis man $740 thousand and still others gave him places to stay and other favors.
- Experienced Palm Beach probate litigators know that sometimes an inheritance can be kept in the courts but that there is always written evidence of the inheritance somewhere.
- Also what happens when a creditor comes and takes away that inheritance?
- Should you loan based on inheritance?