NEWPORT – The Sullivan County Grand Jury indicted Ronald Morissette, 50, of Charlestown, for breach of fiduciary duty.
The indictment states that Morrissette held a power of attorney for another person and used that power of attorney for his own benefit, the amount being in excess of $1,500. Further, Morissette failed to use the person's financial resources “to provide food, clothing, shelter, health care, therapeutic conduct, or supervision for the elderly, disabled, impaired adult when under a duty to do so.”
Morissette is charged with withdrawing funds from the person's bank account and using them for his own benefit. The charge is a Class A felony offense, with an attendant penalty of 7 ½ to 15 years in prison.
Morissette was further indicted for attempted financial exploitation of an elderly, disabled or impaired adult by transferring funds from that person's bank account to his own, the amount being in excess of $1,500. Another Class A felony, offense, the penalty for financial exploitation is 7 ½ to 15 years in prison.
The elderly person for whom Morissette held power of attorney is identified in court records as S.S. Morissette. Ronald Morissette allegedly sold the elder man's boat for $38,000 in April 2017 and kept the money for himself. Morissette also allegedly took $40,000 from a bank account and kept the money without using it for his legal ward. Overall, Morissette is alleged to have taken more than $300,000 from the elderly victim.