A South Lyon woman is charged with three counts of embezzlement after authorities say she facilitated changes in a senior citizen’s investment accounts so that she would inherit half upon his death.
Tracie Green, 64, was arraigned in the 52-1 District Court in Novi on Tuesday, Dec. 10, for allegedly embezzling more than $200,000 from a vulnerable adult, announced Michigan Attorney General Dana Nessel.
Green is charged with two counts of embezzlement from a vulnerable adult, $50,000 or more but less than $100,000, and one count of embezzlement from a vulnerable adult, $100,000 or more.
Nessel said in a release that Green, who was a family friend of the senior citizen, offered to help care for him after he began to experience cognitive decline. Green allegedly attempted to add herself to the senior’s condo interest in South Lyon and also facilitated changes to his investment accounts in 2018 and 2020.
These changes ensured she would inherit half of the value of the accounts, which totaled about $400,000 upon his death. He died in 2021.
“It’s both baffling and reprehensible that people, especially those trusted by the victims and their families, take advantage of vulnerable members of our community for their own personal gain,” Nessel said.
“Our seniors deserve protection from such predatory behavior, and my department remains committed to holding accountable those who prey on vulnerable adults.”
Green was given a $50,000 personal recognizance bond. She will next appear in the 52-1 District Court for a probable cause conference at 9 a.m. Dec. 18 before Judge David Law.