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Saugus woman convicted for stealing from elderly uncle

SAUGUS — A 52-year-old Saugus woman was convicted in federal court Tuesday of wire fraud and aggravated identity theft in connection with a scheme to defraud her elderly uncle of his life savings, the U.S. Attorney’s office said.  

After a five-day trial, Jayne Carbone was convicted of four counts of wire fraud and four counts of aggravated identity theft. Carbone was indicted in February of 2020 and is scheduled for  sentencing on Feb. 16, 2022, prosecutors said.  

Carbone stole more than $400,000 from her elderly uncle between January of 2017 and September of 2018. Carbone was managing her uncle’s personal finances at the time, prosecutors said. 

Prosecutors said Carbone fraudulently withdrew funds from her uncle’s retirement annuity. She then transferred funds from his personal checking account to her own bank account. To conceal the scheme, she provided her uncle with falsified statements for his financial accounts reflecting inflated balances, prosecutors said. 

Carbone faces up to 20 years in prison, three years of supervised release, and a fine of up to $250,000 or twice the gross gain or loss from the offense for the wire fraud charge. She faces a mandatory sentence of two years in prison consecutive to any other sentence imposed, up to one year of supervised release, and a fine of up to $250,000 or twice the gross gain or loss from the offense for the charge of aggravated identity theft, prosecutors said. 

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