TAMPA, Fla. -- Authorities said a Sarasota bank branch manager built up a false trust with an 86-year-old client and stole thousands of dollars from him.
Milton Lowry Hagelberger is charged with exploitation of the elderly and scheming to defraud and 27 counts of fraudulent use of a credit card. He is being held on $1.15 million dollars bail.
Manatee County deputies said he used an ATM card to steal money from the man and made about 130 unauthorized ATM withdrawals totaling $82,000 dollars.
The victim didn't have an ATM card when the withdrawals were made. Authorities said Hagelberger had the man's bank statements mailed to a vacant lot across from the bank so the man wouldn't get them.
Authorities found out about the situation after the victim went to the bank last month and learned he couldn't cash a check because he had insufficient funds.