INDIANAPOLIS - A father and daughter were arrested following an investigation into an alleged scam that targeted the elderly.
Charles Blackwelder and Cara Grumme were arrested Thursday, officials with Secretary of State Connie Lawson’s office said.
The pair is accused of running a scam that sold investment opportunities through rental properties to elderly investors, officials said.
Blackwelder’s company, CFS LLC, has conned nearly 300 elderly Hoosiers into investing in real estate over the last decade, officials said.
Investigators said the pair started selling and foreclosing their victims’ properties without any notice. In some cases, they were even using the homes for their own personal use.
Blackwelder and Grumme both face 20 different felony charges including securities fraud and other violations of state securities laws, officials said.
"Securities fraud comes with serious penalties because of the devastation and destruction it renders. This is particularly the case when allegations are directed at a member of the legal profession who convinced clients to put money into an unlawful investment as a way to protect assets at the end point of their lives," Securities Commissioner Carol Mihalik said.
Blackwelder was being held in the Hamilton County Jail. Grumme was being held in the Delaware County Jail but will eventually be moved to Hamilton County.
The investigation is ongoing.
Watch RTV6 and refresh this page for updates.
Puppy dumper pleads guilty, receives $10 fine
Gary Lockridge of Franklin will have to pay a $10 fine and $118 in court costs after pleading guilty to animal neglect, Call 6 Investigator…
Exclusive: CHP breaks window to halt rolling car
A woman found passed out in her car on Interstate 805 early Friday morning was arrested on suspicion of drunken driving.
Good Samaritan pulls woman, three kids from fire
A woman and her three children were pulled from a fire Friday by a Good Samaritan.
What does the RFRA actually mean?
Opponents and supporters of the Religious Freedom Restoration Act are at odds over the controversial law, but what does it actually mean?
Fishers residents warned of daytime burglaries
Fishers residents were warned to take extra safety precautions after a string of daytime burglaries in two subdivisions and an apartment…