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.
Firefighters 'fill the boot' for good cause
Over this weekend, firefighters across Central Indiana will be working to "fill the boot" for the Muscular Dystrophy Association.
IU: Consider alternate routes on game days
Major road construction on the main route to Bloomington from Indianapolis already causes plenty of backups, and may become even worse now…
Busting the myths about 'super lice'
For many parents, nothing is peskier than finding head lice on someone in their household.
Kennedy Center expanding arts program to Indy
The Arts Council of Indianapolis and IPS made a big announcement Friday: The Kennedy Center's Ensuring the Arts for Any Given Child…
Pedestrian killed near Marian University
A pedestrian was killed Friday night when a car left the roadway on the north side, fatally striking them.