Man charged with bilking $1.2 million out of seniors says they didn't need it anyway
They didn't need the money because they lived frugally.
That's the reason Brian Marsack gave his victims, according to one victim’s daughter, after allegedly bilking them out of their life savings by posing as a Goldman Sachs investment broker.
Edward Mancini, 91, his late wife, Joan, 79, his sister Virginia Cox, 77, and his sister-in-law Florence King, 87, lost $1.2 million combined.
They have little hope of getting it back -- joining hundreds of other senior citizens cheated out of billions of dollars a year, according to a study by MetLife.
Prosecutors say Marsack, 44, sold the family phony high-interest investments and sent them what were supposed to be interest checks each month. Edward Mancini, who knew Marsack since he was a child, said he now believes the checks were likely small amounts of his own money.
http://www.freep.com/article/20120116/NEWS04/201160335/Man-charged-with-bilking-36-1-2-million-out-of-seniors-says-they-didn-t-need-it-anyway
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