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Philly man charged with stealing $180k from 82-year-old Secane woman

Media, Pa – Today Delaware County District Attorney Katayoun M. Copeland announced that Lloyd Griscom, 31, of Philadelphia was charged with stealing more than $180,000 from an 82-year-old Secane woman over a 5-month period. Griscom used the money he stole to pay for various personal expenses including vacations and gifts including jewelry for his girlfriend.

Lloyd Griscom of the 2600 block of Emerald Street, Philadelphia, is charged with various felony theft offenses including theft by unlawful taking or disposition, theft by deception and false impression, in addition to the charge of forgery. The arrest comes at the conclusion of an investigation conducted by Detective Brian Patterson of the Delaware County Criminal Investigation Division (CID) Senior Exploitation Unit with assistance from CID Detectives Anthony Ruggieri, Edward Kazlo, James Frey and the Ridley Township Police Department.

On February 14, 2018, at approximately 10:30 a.m., police responded to the 600 block of South Avenue in Secane, Ridley Township, to the home of the 82-year-old female victim for a report made by her Power of Attorney regarding possible financial exploitation by Lloyd Griscom. According to financial records, the victim’s Individual Retirement Accounts (IRA) had been depleted from $183,211.00 down to $2,104.42.

On March 6, 2018, Det. Patterson interviewed the victim who stated that she met Lloyd Griscom approximately one and a half years ago in Philadelphia. At that time, they exchanged phone numbers and would occasionally meet for lunch. Approximately six months ago, the victim told detectives that she agreed to allow Lloyd to move into her apartment when he offered to help provide care for her.

Through the course of the investigation, it was determined that Lloyd Griscom depleted the victim’s accounts without her permission. Financial records show that from October 1, 2017 to January 31, 2018, Griscom transferred a total of $181,158.65 from the victim’s IRA accounts to her Wells Fargo account. Records for the victim’s Wells Fargo account show from November 9, 2017 to February 8, 2018, there had been a total of $180,727.14 withdrawn from that account.

“Our seniors deserve to enjoy their retirement and their hard-earned money without the fear of being victimized,” stated District Attorney Katayoun Copeland. “Lloyd Griscom stole that liberty from the victim in this case, betraying her trust, and stealing her life savings for his own leisure. Too often, financial exploitation of our seniors goes unreported, leaving perpetrators free to move onto their next victim. As the result of reported suspected abuse, and excellent investigative work, Lloyd Griscom can no longer prey on our vulnerable residents. I would like to commend Detective Brian Patterson and the members of our Senior Exploitation Unit who work diligently to protect our elderly residents and bring justice for individuals and their families.”

Lloyd Griscom was remanded to the George W. Hill Correctional Facility after failing to post $250,000 cash bail. The preliminary hearing is July 9, 2018. Assistant District Attorney Eric Parham, Chief of the Senior Exploitation Unit, will be prosecuting the case. If you suspect you or a loved one has been financially victimized please contact the Senior Exploitation Unit at 610-891-5249 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..

OFFICE OF THE DISTRICT ATTORNEY
DELAWARE COUNTY COURTHOUSE
MEDIA, PENNSYLVANIA 19063
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610-891-4161

KATAYOUN M. COPELAND, DISTRICT ATTORNEY
JOSEPH A. RYAN, CHIEF OF DETECTIVES

FOR IMMEDIATE RELEASE

DATE: June 8, 2018
CONTACT PERSON: Emily H. Harris, 610.891.4943