SAUGUS — Saugus resident Jayne Carbone was arrested Wednesday and charged with one count of wire fraud. She is accused of stealing more than $400,000 from her elderly uncle.
The 52-year-old allegedly stole the money between December 2016 and September 2018 while she was in charge of managing her uncle’s personal finances. A press report from the Massachusetts Department of Justice states Carbone fraudulently withdrew the money from her uncle’s brokerage account, then transferred the funds to accounts held by herself and immediate family members.
Carbone allegedly concealed her activities by showing her uncle falsified documents that didn’t reflect his account’s true balance.
According to the release, if convicted, Carbone faces up to 20 years in prison, three years of supervised release, and a fine of up to double the amount stolen. She appeared in federal court in Boston.
