The Calgary Police announced Wednesday that they are charging a man who is believed to have pocketed half a million dollars while serving as the executor and trustee to a deceased Calgary woman’s estate.
According to a statement released by Calgary Police, the suspect first became known to the woman after purchasing her deceased husband’s accounting business in 2008. Over the next three years, the suspect and the woman established a close friendship.
The statement further added that in 2011, the woman was diagnosed with a terminal illness and subsequently renewed her will, naming the suspect as the sole executor and trustee of her estate one month before she passed away.
After her passing, it is believed that the suspect acting as the executor of the will, filed the estate at $1.2 million, the Calgary Police said, adding that the estate was later valued at approximately $700,000.
The Calgary Police also added over the next six years, the suspect allegedly paid himself a total of $500,205 from the estate for his executor and accounting fees.
However, the surviving family of the woman became suspicious and contacted police in 2017 to look into allegations of misappropriation of funds.
According to Calgary Police, after a lengthy investigation, on Tuesday, Aug. 31, 2021, Jeff BORSCHOWA, 49, was located in Red Deer, AB, with the assistance of the RCMP.
“We would like to thank the victim’s family members for their patience as we worked to provide them with much-needed answers,” says Staff Sergeant Geoff Gawlinski of the Calgary Police Service Economic Crimes Unit. “We would also like to thank the RCMP for their assistance in locating the accused so that Mr. BORSCHOWA can be held accountable for his actions, and that we can help bring the family closure.”
He is charged with one count of theft over $5,000 and one count of fraud over $5,000. He will next appear in court on Tuesday, Oct. 12, 2021.