Son arrested after stealing more than $100,000 from father with dementia

Son arrested after stealing more than $100,000 from father with dementia
Posted at 3:59 PM, Jun 13, 2017
and last updated 2017-06-13 16:00:53-04

Hernando County Sheriff's Office arrested a man after it was discovered he had withdrawn more than $105,000 from his father, who was diagnosed with early-stage dementia.

In October of 2015, Vincent Calinedo received Power of Attorney over his father, Bernard Caliendo, due to his early-stage dementia.

Five months later, Bernard noticed discrepancies in his bank accounts. It was later discovered and confirmed through an investigation that his son had withdrawn a total of $105,888.99 from his checking and savings accounts.

On March 29, 2016, Vincent withdrew $100,863.67 from Bernard's bank account and was issued a cashier's check. It was withdrawn at a Wells Fargo in Spring Hill and deposited into another at a Wells Fargo in Clermont.

Bank records were subpoenaed, and revealed Vincent had made several purchases for restaurants, hotels, retailers, gas stations and ATM's, none of which were determined to be for the benefit of his father.

Prior to any money transfers, Vincent's checking account had a negative balance of $3.09.

Wells Fargo staff had placed notes in Vincent and Bernard's accounts about the criminal investigation, and the Clermont Police Department seized over $89,000 from Vincent Caliendo and returned them to Bernard.

He had also at one point tried to obtain a reverse mortgage on Bernard's home.

Vincent Caliendo was eventually arrested on May 30, 2017 in South Carolina and charged with exploitation of an elderly person or disabled adult and grand theft.