Joshua William Waddell, 29, 12430 Whiteside Road, Palmetto, Georgia, was indicted on four counts of first-degree theft of property and first-degree financial exploitation of the elderly.
Officials said the victim is a 77-year-old Florence woman.
According to the arrest complaint, Waddell sold a 2012 Ferrari to the Florence woman for her 2012 Porsche and $101,500.
The report goes on to point out that the victim wired the money to Waddell.
The indictment points out that Waddell fraudulently represented himself as a company in Atlanta that had dissolved in 2015.
Waddell was arrested in September 2017. He is out of bond of $2,500.
He is scheduled to be arraigned on the charges by Lauderdale Circuit Judge Will Powell July 30.
Full Article & Source:
Georgia man indicted for theft, financial exploitation