Not guilty plea by Charles City man accused of bilking thousands of dollars from his dependent grandmother
CHARLES CITY — A Charles City man accused of stealing money from his dependent grandmother has pleaded not guilty to multiple felony charges.
A criminal complaint says 33-year-old Casey Olson was the power of attorney for his grandmother who is a resident of a local nursing home. From October of last year to March of this year, Olson is accused of withdrawing approximately $15,000 from her bank account, as well as cashing in certificates of deposit that were valued at around $17,000.
The complaint says he wrote checks and used a debit card for numerous personal items for himself, while his grandmother only gave him permission to pay her few bills, utilities and taxes. Those bills were estimated at about $500 a month while the taxes were just under $500.
Olson was charged with first-degree theft, a Class C felony, as well as dependent adult abuse by exploitation, a Class D felony. If convicted of both charges, Olson could face up to 15 years in prison.
Olson filed a written plea of not guilty in Floyd County District Court on Monday. His trial is scheduled to start on December 7th.