CLEARFIELD – Jurors deliberated for approximately an hour Friday afternoon before finding a Ramey man guilty of stealing $120,000 from an elderly client while serving as a financial advisor in October of 2010.
Frank C. Stewart, 48, of Ramey was found guilty of theft by deception and theft by unlawful taking. He was also found guilty of one count of forgery for a handwritten note; he was found not guilty of forgery as related to an annuity check.
District Attorney William A. Shaw Jr. prosecuted the case on behalf of the commonwealth. Stewart was represented by defense attorney Ron Collins. Judge Paul E. Cherry presided over the three-day trial.
Stewart will face a mandatory minimum of one year of incarceration for just the theft by deception charge since the victim was a senior citizen, said Shaw. He noted that Stewart didn’t have a prior record but has another theft case pending against him.
According to Shaw, the (Clearfield) county’s Area Agency on Aging handles a lot of cases similar to this one. He said he was proud of the agency’s protective service’s unit and wanted the community to be aware of its work. He also commended the CCAAA, local financial institutions and state police for their efforts into the “paper-intensive” investigation. Read more »