CHARLESTON, W.Va. -- Connecticut woman embezzled more than $800,000 from her elderly aunt in Boone County, authorities allege.
Margaret Sue Beam, 75, was arrested Wednesday in her Fairfield, Conn., home, according to State Police. Beam was charged with felony embezzlement by misuse of power of attorney.
A Boone County Grand Jury indicted her on the charge last week. She allegedly became power of attorney for her aunt, Georgia Older, in 2010 and served in that capacity until May 2013. Older is in her mid-90s.
During that time, Beam allegedly misused Older's financial accounts and took the woman's money for her own benefit. Beam took more than $800,000 in cash and U.S. Savings Bonds from Older's accounts at Premier Bank in Madison.
According to the Connecticut Post newspaper in Bridgeport, Conn., she was picked up at the home she allegedly bought with the ill-gotten funds. Beam bought the home in September 2012 for $710,000, according to Fairfield town clerk's records published in the Fairfield Citizen newspaper.
She is being held at Southwestern Regional Jail on $100,000 bond.