A Pennsylvania man faces up to 20 years in prison after draining more than $350,000 worth of government benefits sent to his deceased mother. Prosecutors say that Richard Burke, 76, withdrew money from his deceased mother’s bank account between April 2005 and March 2022, taking cash that was distributed through her Social Security Retirement, Survivors […] The post Elderly Man Steals $350,634 From Deceased Mother’s Account for 17 Years, Faces Decades in Prison appeared first on The Daily Hodl.A Pennsylvania man faces up to 20 years in prison after draining more than $350,000 worth of government benefits sent to his deceased mother. Prosecutors say that Richard Burke, 76, withdrew money from his deceased mother’s bank account between April 2005 and March 2022, taking cash that was distributed through her Social Security Retirement, Survivors […] The post Elderly Man Steals $350,634 From Deceased Mother’s Account for 17 Years, Faces Decades in Prison appeared first on The Daily Hodl.

Elderly Man Steals $350,634 From Deceased Mother’s Account for 17 Years, Faces Decades in Prison

2025/10/01 04:00
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

A Pennsylvania man faces up to 20 years in prison after draining more than $350,000 worth of government benefits sent to his deceased mother.

Prosecutors say that Richard Burke, 76, withdrew money from his deceased mother’s bank account between April 2005 and March 2022, taking cash that was distributed through her Social Security Retirement, Survivors and Disability (RSDI) benefits and Veterans Affairs death pension benefit payments.

Burke’s mother died in 2005 and was the sole person entitled to those benefits. Burke didn’t notify the U.S. Social Security Administration (SSA) or the U.S. Department of Veterans Affairs (VA) that she had passed away and instead continued to make cash withdrawals, according to the U.S. Attorney’s Office for the Middle District of Pennsylvania.

Burke was charged in August and pleaded guilty to wire fraud in federal court last week. He faces up to two decades in prison and a fine. His case was investigated by the SSA and the VA’s Office of Inspector General (OIG), and his sentencing is not yet scheduled.

Earlier this month, a mother-and-son duo was arrested on allegations of running a Covid-fraud scheme targeting the California Employment Development Department (EDD).

In a statement from U.S. Attorney Eric Grant, 49-year-old Yolanda Butler was arrested in Oklahoma, while her son, 28-year-old Legerrius Holt, was arrested in Colorado.

A third defendant, 33-year-old Quamaine Massey, was also arrested in Ohio.

All three defendants were charged with mail fraud, while Butler and Holt were additionally charged with aggravated identity theft.

Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Elderly Man Steals $350,634 From Deceased Mother’s Account for 17 Years, Faces Decades in Prison appeared first on The Daily Hodl.

Market Opportunity
Matrix AI Network Logo
Matrix AI Network Price(MAN)
$0.00252
$0.00252$0.00252
+2.43%
USD
Matrix AI Network (MAN) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Winklevoss Twins Move $130M Bitcoin to Gemini Wallets

Winklevoss Twins Move $130M Bitcoin to Gemini Wallets

Crypto investors are watching the latest moves from twins Cameron Winklevoss and Tyler Winklevoss. According to blockchain tracking data, wallets linked to the
Share
Coinfomania2026/03/10 20:12
Crypto Firm Proposes Cutting HYPE Supply by 45%

Crypto Firm Proposes Cutting HYPE Supply by 45%

The post Crypto Firm Proposes Cutting HYPE Supply by 45% appeared on BitcoinEthereumNews.com. A crypto asset management firm that holds HYPE — the token behind decentralized derivatives exchange Hyperliquid —  has proposed cutting the total supply of HYPE by 45% to make its tokenomics more attractive to investors. In a post to X on Monday, DBA Asset Management investment manager Jon Charbonneau outlined three changes to Hyperliquid’s economic model: Revoking authorization for all unminted HYPE tokens for future emissions and community rewards (FECR), burning all HYPE in Hyperliquid’s Assistance Fund (AF), and removing HYPE’s 1 billion supply cap. His proposal was co-authored by pseudonymous crypto researcher Hasu. While the plan would need to be voted on and passed through Hyperliquid’s governance structure, DBA would be a major participant, given that it actively stakes HYPE and holds a material position in the token.  Source: Jon Charbonneau The DBA executive said the proposed change would seek to correct the market’s misvaluation of HYPE, which he said is distorted by the fully diluted valuation metric that includes unissued tokens.  “This is problematic because the market penalizes this excess supply in valuing the protocol, and pre-allocating these tokens may unduly bias future capital allocation decisions,” he said, adding that the change would make HYPE even more appealing to investors and stakers, while preserving the protocol’s ability to fund initiatives through new issuances. The proposal — which would see 421 million HYPE from the future emissions and community rewards category and 21 million from the assistance fund slashed — comes amid a recent uptick in investor interest in the Hyperliquid ecosystem. Within a week of revealing its new US dollar stablecoin, USDH, Hyperliquid opened a vote to decide who would issue the stablecoin, drawing interest from Paxos, Frax, Sky, Agora and Native Markets, which came out victorious last week. Hyperliquid handled $330 billion in trading volume in July…
Share
BitcoinEthereumNews2025/09/24 00:07
What to Expect in Laptop Rental Services: A Cost Breakdown

What to Expect in Laptop Rental Services: A Cost Breakdown

Laptop rental services are emerging as a popular choice. This is true, especially among businesses that require temporary equipment. Renting a laptop can be an
Share
Techbullion2026/03/10 20:05