Personal Assistant Guilty of Stealing $10M from Salomon Brothers Partner
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowCatalina Corona, a personal assistant, pleaded guilty to wire fraud for stealing $10 million from Richard Schmeelk, a retired Salomon Brothers partner. The fraudulent activities occurred between 2017 and 2024, continuing even after Schmeelk's death in May 2022 at age 97. Prosecutors revealed that Corona used the stolen funds for luxury goods and to settle her debts. She faces a maximum prison sentence of 30 years, as stated by the Brooklyn U.S. Attorney's Office. This case highlights significant risks for individuals managing finances on behalf of others, particularly in instances involving elderly clients.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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