"Police: RI man stole $400K from elderly victims
State police say a Rhode Island man is in jail on charges that he stole nearly $400,000 from two elderly victims whose finances he was managing. Police say Domenic Ferrante of Johnson convinced an elderly woman to appoint him as the trustee of her estate and refinance her home, saying he would re-invest the money to generate extra income for her. But the 62-year-old suspect allegedly used more than $65,000 of the money from the refinancing for his personal gain. Investigators later discovered that Ferrante had allegedly stolen more than $330,000 from an elderly man and his late wife's life insurance policy. Police claim that he convinced the victim to give him legal powers to manage his affairs after the death of his wife....
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