Updated
Updated · The Journal News · Jul 31
Pelham Man Pleads Not Guilty to Stealing $143,385 in Dead Neighbor's Pension
Updated
Updated · The Journal News · Jul 31

Pelham Man Pleads Not Guilty to Stealing $143,385 in Dead Neighbor's Pension

3 articles · Updated · The Journal News · Jul 31

Summary

  • Danilo Pesce, 60, pleaded not guilty in Albany County Court to second-degree grand larceny after prosecutors accused him of taking $143,385 from a deceased neighbor's state teacher pension.
  • Monthly payments of $3,497 to retired teacher Jack Lee Morgan should have stopped when he died in March 2020, but the New York State Teachers' Retirement System kept depositing money until April 2024.
  • Pesce, Morgan's former caretaker, had been added to both Morgan's home deed and bank account before the death and allegedly began withdrawing funds that month for home maintenance and renovations.
  • The state sent $171,879 over four years and recovered $28,594, leaving the alleged theft at $143,385; Pesce was released without bail and is due back in court Aug. 19.
  • If convicted, he faces up to 15 years in prison in a case the attorney general said exposed misuse of pension payments meant to end when a beneficiary dies.

Insights

How did a deceased teacher's pension keep paying out for four years without the system ever noticing?
Could adding a trusted caretaker to your bank account invite a massive six-figure theft after you pass away?
Why does a billion-dollar pension fund rely on the honor system to find out if a retiree has died?