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.
Man arrested after police chase on east side
One person was arrested after a police chase on the city's east side Friday afternoon.
Indiana State Fair gets underway for 17-day run
The Indiana State Fair kicked off its 17-day run with its usual confections and hearty treats as well as alcoholic drinks for the first time…
FedEx thief explains why he stole package
The man caught on camera stealing a package from an Indianapolis home spoke with RTV6 to explain why he did it.
Evening t'storms may bring heavy rain
Keep the umbrella handy this evening. Not all of us will need it, but very heavy rain is likely if you get under a spotty storm. Small…
Ind. man sentenced to 13 years in prison attack
An Indiana man charged in the death of a fellow inmate last year in the New Castle Correctional Facility has been sentenced to 13 years in prison.
Airport to use QR codes to help people find cars
Indianapolis International Airport has installed codes in shelters at parking lots to help people find where they parked their vehicles.