Six Million Stolen From Seniors | California News

A California prosecutor has accused fiduciary Gregory Oveross of stealing over $6 million from seniors using a scheme eerily similar to a Ponzi, manipulating records to hide his crimes — one of the state’s largest fiduciary thefts. Oveross and his accountant, Faranita Corvalan, deny the charges and remain free on bond as the case exposes gaping holes in oversight systems meant to protect vulnerable clients. Despite glaring red flags — like Oveross writing himself 19 checks totaling $670K without providing numbers — warnings went unheeded for years. The courts and state bureau rely on each other for accountability, but enforcement funding remains woefully under-resourced. This case forces a critical reckoning: how do we truly safeguard those who depend on others to manage their finances? Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/421729c2240d8cf7