Golden couple pleads guilty to stealing $227,000 from grandparents
GOLDEN, Colo. — A couple from Golden could face time in prison after pleading guilty to stealing hundreds of thousands from their grandparents.
According to a press release from District Attorney Peter Weir, 41-year-old William “Bill” Young and his wife Karen Young, 42, pled guilty to stealing $227,000 from Bill’s deceased grandparents.
From June 2009 to December 2010, the couple emptied 93-year-old Francies Gibbs and 92-year-old Harland Gibbs’ bank accounts.
The elderly couple moved into assisted living in September 2008.
Westminster police were contacted by an attorney in 2010 about what appeared to be theft from the Gibbs’ accounts. Bill was the power of attorney for his grandmother, Francies, according to Weir.
The Youngs used the Gibbs’ bank accounts and credit cards for personal expenses including a $6,000 monthly mortgage on their Commerce City home, cable and utility bills, cell phone bills and shopping sprees online and in retail stores.The Youngs also used the stolen funds to purchase airline tickets to Las Vegas.
At the plea hearing on March 27, Bill Young’s defense attorney said the couple spent an average of $12,000 a month, and stole a total of $227,000.
Francies passed away in January, and Harland died in November of 2010 before the case was filed.
Bill and Karen both pled guilty to theft of an at-risk adult. Bill could face up to 12 years in prison and Karen could potentially face a sentence of one to three years.
The Youngs will be sentenced on May 13.