Man accused of stealing $1.7M from grandmother's nest egg
Casey Thomas Kay charged with theft; wife also named in report
SAN ANTONIO - A far north Bexar County man is accused of stealing from his own grandmother, taking more than $1.5 million from her retirement nest egg and spending it on lavish gifts for himself.
An arrest affidavit actually names both Casey Thomas Kay, 30, and his wife, Melissa, as suspects. Casey Kay was arrested Thursday on a theft charge.
As of Friday morning, there was no record of his wife’s arrest although jail records indicated there is a criminal case pending against her.
According to the affidavit, police received a call from Casey Kay’s 82-year-old grandmother in April.
She told investigators someone had taken more than $1.7 million from her bank accounts without her permission.
The San Antonio Police Department’s White Collar Crimes Unit investigated and discovered Kay and his wife were behind the theft, the affidavit stated.
Investigators believe Melissa Kay made several transfers, moving the elderly woman’s money into her own account, the affidavit stated.
They believe the couple then used some of the money to buy a $53,000 Ford F-150 truck, a $58,000 Cadillac Escalade, and a home in far north Bexar County valued at more than $300,000, the affidavit stated.
In addition, investigators said the couple withdrew $396,000 in cash through bank ATMs. Casey Kay is being held in jail with bond set at $100,000.
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