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A 47-year-old Denver man has been charged with swindling 19 elderly individuals out of more than $1 million over a three-year period, according to the Denver district attorney’s office.
Michael Mendenhall was charged Monday with multiple counts of theft from an at-risk adult. He allegedly told investors he worked for Bankers Life Insurance Co.
The charges allege that Mendenhall took money from the elderly victims and signed notes saying the money would be used for real estate.
Instead, Mendenhall used the funds himself, for his house or to repay other investors, the charges say.
Denver Post staff and wire reports
