California Real Estate Fraud Report

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03
Mar

Elder financial abuse case of former Chase Bank employee moved

The case of Alex Ojeda, a 28-year-old Dublin man, who investigators say stole the life savings of 91-year old John “Jack” Magel is being moved to Alameda County Superior Court in Hayward. Judge Christine Moruza rejected a plea deal last month that would have dropped the felony elder financial abuse charge if the defendant agreed to plead guilty to grand theft and served four months in County jail. The grand theft charge would be reduced to a misdemeanor if Ojeda made full restitution to the victims within three years.

Ojeda first told police that Jack Magel had given him the money while Ojeda was a personal banker for Chase Bank, but later admitted that he forged the elderly man’s signature on withdrawal slips and cashier’s checks, stealing a total of $118,000, including a $105,000 certificate of deposit. Jack Magel suffered from both Alzheimer’s Disease and cancer.

Jack Magel‘s family are strongly opposed to Deputy district Attorney Jerry Herman dropping the charges of financial elder abuse against Alex Ojeda and happy that the judge rejected the plea deal. Said son-in-law John Cuthbertson, “I was happy to see the judge stand her ground with what she felt about the elder abuse. I don’t think the court system should be designed as a rubber stamp for what two lawyers want to do to get on with their next case.”

Read the original article in the Contra Costa Times.

© Copyright 2007-2017 Monique Bryher

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