St. Pete Police: Insurance Agent Stole $100,000 from Elderly Couple
St. Petersburg police say that, over the course of a two-month period, he got the wife to write him two checks for large sums of money.
ST. PETERSBURG – An insurance agent worked his way into the confidence of an elderly couple then defrauded them of about $100,000, according to the St. Petersburg Police Department.
Charles Brian Kleinmetz, 52, of Seminole, was arrested Thursday (Oct. 8) at his home. He was charged with one count of Exploitation of the Elderly or Disabled Adult.
Kleinmetz met the victims at least 10 years ago and gained their trust and friendship as their insurance agent. Detectives said he sold them a policy that wasn’t sufficient enough to provide care for the victims, should they need to be placed in an assisted living facility. Eventually the victim’s husband was diagnosed with dementia and needed to be cared for in an ALF.
Kleinmetz helped the couple cash in a $205,000 life insurance annuity to pay for the cost of the ALF. As soon as the husband was placed in the care of the ALF, he deepened his friendship with the wife by providing help with daily activities and assisting with her personal needs. Police said he was so involved in her daily life that he could be considered a caretaker. He also assisted the wife with opening a bank account that she believed would solely be used for the purpose of caring for her husband.
Detectives said that, over the course of a two-month period, Kleinmetz got the woman (who did not understand the implications of what she was doing) to write him two checks for large sums of money.
Money from the first check she wrote to a business in which Kleinmetz was a partner. They did not know the terms and conditions how he obtained the check, which he presented to them as a loan from a private investor. The second check was written to a business Kleinmetz personally owned.
Officers said he was able to put himself in a position of trust and confidence, then strategically convince the vulnerable wife to take a variety of actions which resulted in his personal gain, at her financial loss.
At the time the crime was reported to St. Petersburg police, Kleinmetz had taken a total of $100,000 from the victim who did not understand her role in handing over the money.
At this time, Kleinmetz is only known to have done this to the victims involved, but SPPD is asking anyone who may have a similar experience with him to contact the St. Petersburg Police Department at (727) 893-7780.
The investigation into this case is ongoing.
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