Police have charged a Lititz man with stealing nearly $200,000 from his elderly sister. Dennis L. Hines, 58, of Kings Cross Road, was charged with 16 counts of theft by deception following an eight-month investigation of elder abuse by Manheim Township detectives.
According to police, Hines was serving as power of attorney for his 72-year-old sister, who was living in an assisted-living facility in Lancaster Township. From November 2010 to July 2012, police said, Hines misappropriated more than $195,000 of his sister’s funds. According to an affidavit filed by Detective Sgt. Keith Kreider, much of the money was realized from the sale of the sister’s condominium property in Virginia. The money was deposited in the woman’s bank account, the report says, after which Hines began withdrawing funds and depositing them in his own account. Over a period of nearly two years, Hines is said to have withdrawn funds in amounts ranging from $900 to $100,000. Acting as the Tradilus Group, a trading business owned and operated by Hines, the Lititz man used the money to trade stocks and bonds, the affidavit states.
The missing money was discovered by another sibling, who also had access to the sister’s account and who told police that Hines withdrew the funds “without (the sister’s) knowledge and understanding.” Nearly $13,000 of the missing money was deposited back into the sister’s account, police said, resulting in a net loss of almost $183,000.
Police were assisted in their investigation by Lancaster County Office of the Aging Protective Services and Temple University Institute on Protective Services.
Hines was arraigned before District Judge Mary Sponaugle and released on $50,000 unsecured bail.
Editor’s Note: This case was a cooperative investigation between the Lancaster Area Agency on Aging, the Institute on Protective Services, the Mannheim Township Police Department and the Lancaster County District Attorney’s Office.
This article was written by Tom Knapp for LancasterOnline.