DOI News

For Immediate Release: Contacts:
January 25, 2010 Kristin Milam
Johanna Royo
Husband and Wife Arrested on Charges of Exploiting an Elder Adult
Pair accused of stealing victim's life savings
RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Aaron Pittman, 55, 2085 Highway 39 N., Louisburg and his wife, Mildred Diane Dew, 56, 2701 Pelham Rd., Rocky Mount, both are accused of an elaborate scheme to steal the life savings of an elderly woman.
According to an investigation initiated by Creedmoor Police, on Jan. 7 the elderly victim tried to purchase a money order from her bank, but was told she didn't have enough in her savings account. Bank officials told her that the accused, Aaron Pittman, was a joint holder on her account. According to victim statements, Pittman knocked on her door a few years ago claiming to be a preacher and an insurance salesman. The victim insisted she never gave him access to her account; and allegedly thought she was purchasing a life insurance policy from Pittman, but instead signed an annuity contract. Pittman allegedly gained access to the victim's savings and transferred $50,000 to the annuity, then changed the beneficiary and ownership to his wife, Mildred Dew. Based on victim statements and documents from the insurance company underwriting Pittman's policies, Creedmoor police obtained arrest warrants for Pittman and Dew.
Both Aaron Pittman and Mildred Dew are charged with multiple accounts of obtaining property by false pretense, felony conspiracy and exploitation of an elder adult. Pittman was placed under a $100,000 bond at the Creedmoor Police Department. Dew was also placed under a $100,000 bond at Creedmoor Police Department. Both the Franklin County Sheriff's Office and Rocky Mount Police Department assisted in the arrests. Creedmoor Police and DOI are continuing this joint investigation and are looking for any other victims of this alleged scheme. Anyone who thinks they may be a victim should call the Department of Insurance Criminal Investigations Division at 919-807-6840. Callers may remain anonymous. Information is also available at Information is also available at the NC-DOI Web site.
The Department of Insurance employs 20 sworn law enforcement officers dedicated to investigating claims of insurance fraud. So far in 2009, these criminal investigators have seen more than 413 cases successfully closed with more than $10.5 million in restitution and recoveries, 89 criminal convictions and 175 arrests.
-- NCDOI --