{"id":195894,"date":"2023-11-15T01:20:41","date_gmt":"2023-11-15T01:20:41","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=195894"},"modified":"2023-11-15T01:20:41","modified_gmt":"2023-11-15T01:20:41","slug":"son-57-who-stole-more-than-250000-is-jailed","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/world-news\/son-57-who-stole-more-than-250000-is-jailed\/","title":{"rendered":"Son, 57, who stole more than \u00a3250,000 is jailed"},"content":{"rendered":"<h1>Son, 57, who stole more than \u00a3250,000 from his dementia-stricken mother and spent the cash on cars, luxury holidays and a failed business venture is jailed<\/h1>\n<ul>\n<li><strong>Karl Zierold, 57, splurged money on a failed business venture, cars and holidays\u00a0<\/strong><\/li>\n<\/ul>\n<p>A man has been jailed for fleecing his elderly mother out her life savings of more than \u00a3250,000 while acting as her power of attorney.<\/p>\n<p>Shameless Karl Zierold, 57, splurged the money on a failed business venture, cars and luxury holidays after his mother Ann, who has dementia and is still unaware he took the money, moved into a care home due to her declining mental health.<\/p>\n<p>Manchester&#8217;s Minshull Street Crown Court heard how Zierold and his brother James,\u00a0who played no part in Karl\u2019s nefarious scheme, were granted a lasting power of attorney (LPA) over Ann in 2019.<\/p>\n<p>It gave them the power to make decisions about the retired social worker&#8217;s money and property, while their sister Heidi was granted a health and welfare LPA due to her mental health issues.<\/p>\n<p>Meghan Edwards, prosecuting, said Zierold told his family about a business scheme he wanted to invest in along with a partner.<\/p>\n<p>They were &#8216;resistant&#8217; to using their mother&#8217;s money, which she&#8217;d saved so she wouldn&#8217;t be a &#8216;burden&#8217; to them in her old age.<\/p>\n<p>But Zierold went ahead with the investment anyway, later claiming it was &#8216;bridging loan&#8217; that he intended paying back.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/10\/17\/77661125-12735415-image-a-10_1699638542659.jpg\" height=\"634\" width=\"634\"><\/p>\n<p>Karl Zierold, 57, splurged the money on a failed business venture, cars and luxury holidays after his mother Ann moved into a care home due to her declining mental health<\/p>\n<p>Suspicions were raised when Ann&#8217;s ex-partner questioned why a car repair bill had gone unpaid, and her bank statements and cheque book were also found to be missing.<\/p>\n<p>Zierold gave false excuses about &#8216;money being tight at the moment&#8217;, but when his brother James checked with the bank he found more than \u00a3200,000 had been withdrawn from their mother&#8217;s account and into the defendant&#8217;s, Ms Edwards said.<\/p>\n<p>When James contacted Zierold, he told him: &#8216;Oh s***, I better tell you what happened.&#8217;<\/p>\n<p>Zierold confessed that some money had been paid to a business partner Sam Evans as a &#8216;bridging loan&#8217;, but other spending only came to light after James reported his sibling for fraud to the Office of the Public Guardian, the body who makes decisions about LPAs.<\/p>\n<p>It transpired that from early 2020 Zierold had spent money on shopping trips, a Mercedes GT, and holidays to Dubai and Mauritius &#8211; even paying for two rescue dogs and cats to be imported into the country.<\/p>\n<p>&#8216;His family had questioned how he could afford such luxury lifestyles as he was unemployed at the time,&#8217; Ms Edwards said.<\/p>\n<p>Zierold later wrote letters to family members admitting he&#8217;d taken his mother&#8217;s money.<\/p>\n<p>From her \u00a3251,132 savings, the court heard, \u00a3189,024 was given to Mr Evans, \u00a37,448 spent on car bills, and \u00a310,358 on holidays and days away.<\/p>\n<p>In a victim impact statement, Zierold&#8217;s sister Heidi Morley described her mother, now 79, as a hardworking and dedicated mother who had brought up four children alone and offered foster care into her 60s.<\/p>\n<p>She said her family had put their &#8216;trust&#8217; in her brother and the breaking of that trust had resulted in a &#8216;whole host of financial complications&#8217; and they had now lost the ability to manage the mother&#8217;s affairs how they wanted.<\/p>\n<p>&#8216;There&#8217;s a strong likelihood mum&#8217;s situation will not be financially resolved and Karl will never be able to pay back the money,&#8217; she said.<\/p>\n<p>Zierold, from Stockport, Greater Manchester, pleaded guilty to one count of fraud by abuse of a position of trust at an earlier hearing.<\/p>\n<p>But the court heard that his mother was still unaware of her son&#8217;s crime, due to her condition.<\/p>\n<p>Rhia Abu Khali, defending, said Zierold had intended returning money for the business venture to his mother and had now removed himself from her will to &#8216;offset&#8217; what he&#8217;d lost.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/10\/17\/77659943-0-image-a-1_1699636127144.jpg\" height=\"438\" width=\"634\"><\/p>\n<p>Manchester&#8217;s Minshull Street Crown Court heard how Zierold and his brother James were granted a lasting power of attorney (LPA) over Ann in 2019<\/p>\n<p>She also pointed to his admissions of guilt to his family.<\/p>\n<p>Jailing Zierold for three years and four months, Judge Jason MacAdam said he had taken advantage of his mother to enjoy a luxury lifestyle.<\/p>\n<p>Judge MacAdam said: &#8216;She was vulnerable and because she was vulnerable it was your role to spend her money in her best interests.&#8217;<\/p>\n<p>He said Zierold had pressed ahead with the business venture, although his family had not agreed to it, which had been a gamble, and he&#8217;d done it for &#8216;personal profit&#8217; because his mother only needed &#8216;basic necessities&#8217; and had &#8216;enough money to provide whatever she needed&#8217;.<\/p>\n<p>The judge described his mother as a hardworking woman who &#8216;put money aside so she wouldn&#8217;t be a burden&#8217; when she needed care in her old age.<\/p>\n<p>&#8216;The phrase chip off the block is a far removed as it could be when it comes to you,&#8217; he said.<\/p>\n<p>He said that Zierold had become a &#8216;burden&#8217; himself to his family, adding: &#8216;It&#8217;s hard to think of someone who should more ashamed of their financial crime than you.&#8217;<\/p>\n<p>Speaking today FRI, Ann&#8217;s former partner Hugh Crosswood, 73, said at his home in the picturesque North Wales countryside: &#8216;He was the first (eldeslt) son. She would be devastated if she knew what happened.<\/p>\n<p>&#8216;He&#8217;s gained nothing. He&#8217;s lost his family and the money &#8211; gone for a few years&#8217; high living.&#8217;<\/p>\n<p>Mr Crosswood revealed the victim&#8217;s three other children are still battling HSBC to recover the money.<\/p>\n<p>The retired engineer said: &#8216;The bank should&#8217;ve been suspicious of large withdrawals of cash because it was a savings account. It wasn&#8217;t an account that was used regularly and a lot of money was withdrawn in a short space of time.<\/p>\n<p>&#8216;Because he had power of attorney, they were supposed to keep a better watch.&#8217;<\/p>\n<p>Mr Crosswood added: &#8216;I feel betrayed, badly let down by him. It was Ann&#8217;s money and kept in case she needed any extra care or medical attention she would require above and beyond her normal care. It was the kids&#8217; inheritance. It was a huge shock when I discovered what had happened.&#8217;<\/p>\n<p>Source: <a href=\"https:\/\/www.dailymail.co.uk\/news\/article-12735415\/Son-stole-250-000-dementia-mother-cars-holidays-failed-business-jailed.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Son, 57, who stole more than \u00a3250,000 from his dementia-stricken mother and spent the cash&#8230;<\/p>\n","protected":false},"author":4,"featured_media":195893,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28134],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Son, 57, who stole more than \u00a3250,000 is jailed - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/world-news\/son-57-who-stole-more-than-250000-is-jailed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Son, 57, who stole more than \u00a3250,000 is jailed - 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