W.Va. couple convicted of stealing to buy N.C. house
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WHEELING, W.Va. (AP) – A West Virginia couple has been convicted of stealing from a 90-year-old woman to buy a beach house in North Carolina.
A federal jury found 67-year-old Timothy Summers and his wife, 52-year-old Lea Ann Summers, of Proctor guilty of mail fraud, conspiracy to commit mail fraud, securities fraud and interstate transportation of stolen property. The jury issued its verdict Friday following a three-day trial.
U.S. Attorney William J. Ihelnfeld III says evidence at the trial showed the couple stole nearly $400,000 from the victim. They liquidated a signification portion of the woman’s shares of PPG Industries stock and used the proceeds to buy a beach house on North Carolina’s Outer Banks.
Timothy Summers and Lea Summers each face up to 50 years in prison.