Bogus priest scams elderly nuns

The FBI recently indicted 54-year-old Adriano Sotomayor from New Jersey for allegations that he impersonated a Catholic priest and ran a scam against an elderly nun and her sisters for two years.

If you’re wondering, you did indeed read that correctly.

Starting in May 2009, Sotomayor convinced a nun from the Dominican Sisters of the Rosary of Fatima that she had inherited an estate worth approximately $2.1 million from a parishioner, and that in order to release the money he would need funds to cover the costs, fees and charges.

And he didn’t stop there. Until June 2011, he continued to contact other sisters in the order on her behalf, successfully defrauding 23 more victims and collecting $439,153.

Find out more about how Sotomayor ran from the FBI, and the charges he faces if convicted.

March is Fraud Awareness Month.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.