A Ventura County man is facing elder abuse, grand theft, and identity theft charges after detectives say he stole nearly $100,000 from an 89-year-old man.
Investigators say in June 2024, William Ly of Simi Valley was introduced to the victim through a senior citizen breakfast club. They say Ly helped the victim with his smartphone, and in the process Ly reset the password on the victim's cryptocurrency account.
Last September, the victim noticed he was missing a substantial amount of money. He reported it to the Ventura County Sheriff’s Office. Detectives working with a county fraud team and the FBI say they discovered nearly $100,000 had been stolen in a string of more than 80 transactions. They say they traced the money to Ly’s accounts.
Investigators say they are now looking for more potential victims.
