Attorney sentenced for embezzling from senior
Aho & Associates provided forensic financial assistance to the San Mateo County District Attorney’s Office in an elder financial abuse case that resulted in a four-year prison sentence for the offender. Albert Boasberg, an 83 year-old attorney, pleaded no contest to elder financial abuse and insurance fraud for embezzling nearly $500,000 from an impaired 92 year-old woman and her disabled and dependent 63 year-old son.
Boasberg was initially the family’s attorney. He was later appointed as agent under financial and medical powers of attorney for the woman and her son. Between 2010 and 2014 Boasberg embezzled approximately $460,000 from his victims, using the money for trips to Las Vegas, Canada, and the Philippines. He also paid off credit cards and was believed to have diverted funds overseas. Boasberg was also believed to have filled out 12 life insurance policy applications on the son using false medical history, with Boasberg listing himself as the beneficiary.
The embezzlements were discovered when the care facilities where the mother and son were living reported that they had not received their monthly care payments. Boasberg was ultimately removed as agent under the powers of attorney.
Boasberg was later arrested and then released on his own recognizance as part of a plea deal in which he agreed to make restitution, relinquish his passport, and refrain from practicing law. He was later remanded back into custody after investigators discovered that Boasberg was continuing his legal practice and that he surrendered an already expired passport instead of his valid one.
In sentencing Boasberg to a four-year prison term, the Judge noted that the son had attempted suicide and will likely never leave the care facility because of Boasberg’s actions. The Judge stated that Boasberg’s behavior “may be non-violent but it certainly isn’t non-serious. The level of greed here is disgusting.”