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Bank restores stolen funds to Texas resident who is believed to be the oldest man in the U.S.

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  • ASSOCIATED PRESS / MARCH 2017 FILE PHOTO

    Richard Overton leaves the court after a special presentation honoring him as the oldest living American war veteran, during a timeout in an NBA basketball game between the Memphis Grizzlies and the San Antonio Spurs. The family of Richard Overton says Social Security and banking account numbers for the 112-year-old Austin man were used to make seven withdrawals over the past several months. Cousin Volma Overton declined to say how much was stolen but said it was a “significant amount of money.” He says the money was used to purchase savings bonds. A police report was filed Friday, June 30.

AUSTIN, Texas >> Bank of America has credited the account of a Texas resident who is believed to be the oldest man in the U.S. after his family reported that thieves had stolen his identity and drained the account.

Richard Overton’s family says Social Security and bank account numbers for the 112-year-old Austin man were used to make seven withdrawals over the past several months. The family filed a police report Friday.

Cousin Volma Overton says the family was shocked when the bank asked them to come in and sign for the restored funds. He declined to say how much money was stolen, but said it was a “significant amount.”

Bank spokeswoman Colleen Haggerty says the bank is investigating and the family says Austin police and federal authorities are also looking into it.

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