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Miami Woman Accused of Stealing Thousands in Reverse Mortgage Proceeds

A Miami woman is accused of stealing thousands of dollars from a woman with a reverse mortgage, for whom she cared, according to a local news report.

Olga Hidalgo-Gato, 46, of Hollywood, Florida, was arrested Thursday on charges of grand theft on a victim over 65 and exploitation of the elderly, according to Local10, a Post Newsweek station. Hidalgo-Gato had been caring for the victim during the months when $35,000 allegedly was taken from Social Security and reverse mortgage proceeds.

The stolen money came from the woman’s life savings, her monthly Social Security payments and funds from a reverse mortgage, according to the report. Hidalgo-Gato allegedly wrote herself checks from the 75-year-old victim’s account.

Both charges are second-degree felonies.

Read the Local10 report.

Written by Elizabeth Ecker

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