Prosecutors charged a Sandy attorney Thursday after an elderly woman lost $80,000 of equity in her house.
Jay W. Taylor, 42, was charged with exploitation of a vulnerable adult and unlawful dealing with property by a fiduciary, both second-degree felonies, according to a statement from the Salt Lake County District Attorney's Office.
An 87-year-old woman hired Taylor to go after people who scammed her out of $15,000. Taylor instead persuaded the widow to get a home equity loan for $100,000. She signed over power of attorney to Taylor. Taylor withdrew $80,000 from the loan and spent it on personal matters, charges state.
Each second-degree felony carries up to 15 years in prison, according to the statement by the DA.