Back to today’s briefing

Story perspectives

California Man Sentenced for $50M Elderly Fraud Scheme

2/5/2025

47 9

Summary

Story summary

Allen Giltman, 59, from Irvine, California, faces seven years behind bars for orchestrating a deceitful scheme that swindled over 70 victims, mostly elderly, out of a staggering $50 million. By crafting 150 counterfeit financial websites mimicking real institutions, he cleverly masked his identity. In addition, he must forfeit $100,000 in assets as part of his sentencing.

1 of 1

Story summary

Allen Giltman, 59, from Irvine, California, faces seven years behind bars for orchestrating a deceitful scheme that swindled over 70 victims, mostly elderly, out of a staggering $50 million. By crafting 150 counterfeit financial websites mimicking real institutions, he cleverly masked his identity. In addition, he must forfeit $100,000 in assets as part of his sentencing.