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Indictment alleges woman stole $600,000 from elderly victim

By Star-Advertiser staff

LAST UPDATED: 1:33 p.m. HST, Feb 28, 2012

A 43-year-old woman is being accused of swindling an 85-year-old Hawaii Kai woman of more than $600,000.

Susan A. Chin was charged with two counts of first-degree theft, one count of first-degree attempted theft and three counts of money laundering. The victim lives alone.

Chin befriended the victim, and allegedly convinced her to revoke a power of attorney held by a family member and to designate it to Chin.

Chin then allegedly sold the victim's home for $639,000. She allegedly deposited $200,000 into a joint account she held with her 9-year-old son, $200,000 in another joint account with her 6-year-old son, and $100,000 in a joint account with her mother.

Only $100,000 from the home sale was deposited into the victim's account, which she shared with Chin, according to the city Prosecutor's Office.

The indictment also alleges that Chin surrendered an annuity belonging to the victim, and kept $33,000 in proceeds, then later tried to obtain two additional annuities worth about $130,000.

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