Southland Couple Arrested For Senior Scam
- February 12, 2018
Southland husband and wife arrested for allegedly scamming seniors
Victims’ money used to buy homes and vacations—search for more victims underway
LOS ANGELES, CA — Clement Ignatius Lancelot Chichester, 68, and Brittney Jade Sias, 56, both from the Los Angeles area, were arrested at their residence this morning by detectives from the California Department of Insurance for allegedly scamming a senior victim out of more than $1 million in cash and property. The two face more than two dozen felony counts, including identity theft, embezzlement, forgery and fraud.
"Chichester and Sias allegedly used their victim's financial resources to live the high life," said Insurance Commissioner Dave Jones. "Crimes against vulnerable seniors are reprehensible. We are focused on aggressively investigating alleged financial crimes against seniors and working with prosecutors to bring those responsible to justice."
According to department investigators, evidence revealed the suspects, who were licensed insurance agents at the time, earned large commissions by allegedly selling numerous unnecessary and unsuitable annuities to their elderly victim who was in her 80s. The suspects later convinced their victim to liquidate the annuity policies in order the re-invest the funds in real estate investment trusts, which also earned the suspects additional large commission payments. As a result of their alleged misconduct, the victim suffered financial losses exceeding $300,000.
Evidence also revealed in 2014, Chichester allegedly persuaded the victim to sell him a residential property she owned for half of its market value. No appraisal was performed prior to the sale and some of the money used to purchase the property allegedly came from another victim of Sias' scams. The property was valued at approximately $1,000,000 but the victim only received $68,858.17 from Chichester. In early 2015, the suspects allegedly tricked the victim to file full re-conveyance documents with the Los Angeles County Recorder's Office giving up all ownership rights to Chichester.
The investigation is ongoing and the Department of Insurance Investigation Division is concerned there are more victims. If you or a family member have done business with Chichester and Sias and are concerned about any transactions, please contact the Investigation Division at the California Department of Insurance Valencia Regional Office at (661) 253-7500. The department's licensing bureau has revoked Chichester and Sias' licenses.
Chichester was booked into the Los Angeles County jail, located downtown in the twin towers, while Sias was booked into the Los Angeles County Century Regional Detention Facility in Lynwood. If convicted on all counts, Chichester faces more than 35 years in prison and Sias faces more than nine years. Bail is set at $1.45 million for Chichester and $450,000 for Sias.