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Court Approves Repayment Plan in Retiree’s Pension Fraud Case

The agreement begins with an upfront 2.8 million-peso payment followed by six monthly installments of 450,000 pesos from August.

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Overview

  • Jueza Eva Ponce homologated a conciliation agreement that halts further trial proceedings in exchange for full restitution to the victim.
  • Prosecutors determined that 2,949,000 pesos were siphoned from the retiree’s account between 2021 and 2024, an amount updated to 5.5 million pesos.
  • M. L.D. obtained the victim’s banking credentials while assisting him at Banco de Chubut and diverted funds to her own account, those of her children, her mother and another associate.
  • Under the settlement, the accused must return 2.8 million pesos immediately and make six monthly payments of 450,000 pesos starting in August.
  • The conciliation underscores the drive for rapid victim compensation in elder financial abuse cases alongside expedited legal resolution.