Welcome to Arrest Stories. A fifty-four-year-old man entrusted with his elderly grandmother's care allegedly stole nearly one million dollars from her accounts while she resided in an assisted living facility, leaving her care payments in arrears. Here's what may have happened.
Eric Dyer of Madison, Indiana faces serious charges including money laundering, corrupt business influence, and neglect of a dependent following his arrest Thursday at a local hotel. The investigation centers on allegations that Dyer systematically drained his grandmother's bank accounts over a two-year period while serving as her legal guardian and power of attorney.
According to official reports, the case began unfolding in May of twenty twenty-four when a financial institution flagged suspicious transaction patterns and contacted authorities. The bank's concerns proved well-founded as investigators discovered a disturbing pattern of alleged financial exploitation targeting a vulnerable elderly woman residing in a Jefferson County assisted living center.
The timeline reveals that Dyer was appointed as both power of attorney and legal guardian for his grandmother in twenty twenty-one, granting him significant control over her financial affairs. Bank records allegedly show that between twenty twenty-two and twenty twenty-four, Dyer systematically withdrew funds totaling nearly one million dollars from his grandmother's accounts for his personal use.
Perhaps most troubling, investigators found that while Dyer allegedly enriched himself with his grandmother's money, he had fallen behind on the monthly payments required for her continued care at the assisted living facility. This discovery adds weight to the neglect of a dependent charge, suggesting the victim's basic needs were potentially compromised while her own resources were being diverted.
The arrest took place at a Madison hotel, bringing an end to what authorities describe as a lengthy investigation into financial crimes against an elderly victim. The case highlights the vulnerability of elderly individuals who must rely on family members to manage their financial affairs and personal care needs.
All suspects presumed innocent until proven guilty in a court of law. Do not take this report as factual, always verify facts. Thanks for watching Arrest Stories.