Money, explained for the rest of us.

Get our free daily email →

Catalina Corona, 62, drew 48 months and a $9.6 million forfeiture after stealing nearly $10 million from the elderly employers she worked for

By

Image Credit: KATRIN BOLOVTSOVA/Pexels

A personal assistant who spent two decades inside one family’s finances was sentenced in Brooklyn on October 27, and the numbers are among the largest in a recent run of elder-fraud cases. Catalina Corona, 62, of Corona, Queens, received 48 months in federal prison for wire fraud. She was also hit with a $9.6 million forfeiture for stealing nearly $10 million from an elderly couple on Long Island.

The money did not vanish through a hack or a phone call from a stranger. It left through checks written to cash, signed off by no one, from accounts the family trusted her to manage.

The case raises a practical question for any household that has handed someone else access to its money: could a helper, relative or paid assistant do the same, and what would the warning signs look like before nearly $10 million is gone?

Retirement deadlines, in your inbox: Miss an enrollment or claim deadline and the money can be gone. Join the Retirement Money Brief and we’ll send you our Scam & Identity-Theft Action Card as a welcome gift.

Get the Brief + the scam action card →

We may earn a commission from links on this page.

What the sentence and forfeiture actually cover

According to the U.S. Attorney’s Office for the Eastern District of New York, U.S. District Judge Nicholas G. Garaufis imposed the 48-month term on Corona after she pleaded guilty to wire fraud in April 2026. The case is docketed as 25-CR-78 in the Eastern District of New York.

The forfeiture is $9.6 million, which is a little less than the nearly $10 million the office says she took. The two figures are separate: one is the amount the court ordered surrendered, and the other is the size of the theft itself. The release does not state a restitution figure or supervised-release terms.

Two employers, one trusted assistant

The release describes the victims as an elderly married couple from Long Island. The husband ran a company where Corona began working in the early 2000s, and he died in May 2022.

After his death, Corona kept working as a personal assistant for his widow. That continuity is what made the access look routine: the person already handling errands and paperwork was the one with reach into the bank accounts.

Hundreds of checks to cash

Prosecutors say Corona deposited hundreds of checks written out to cash and payable to herself, drawn on the couple’s bank accounts, without their knowledge or consent. Checks to cash are among the simplest items for a reviewer to catch, yet they can pass unnoticed when no one outside the household ever sees a statement.

The money went to credit card bills and luxury goods. The office lists about $1,117,000 spent at Louis Vuitton, about $125,500 at Cartier, nearly $300,000 at Gucci and about $305,000 at Apple.

Corona rented two storage units to hide the purchases. Searches of her residence and those units turned up an estimated 300 or more luxury items.

Why older households stay exposed to this kind of loss

U.S. Attorney Joseph Nocella, Jr. said in the release that the sentence “holds the defendant accountable for a calculated scheme to steal nearly $10 million,” and that his office “will vigorously prosecute those who exploit vulnerable elderly victims for personal gain.” The FBI’s New York field office, led by Assistant Director in Charge James C. Barnacle, Jr., also worked the case.

The broader numbers point the same direction. The Federal Trade Commission’s October 19 report to Congress, Protecting Older Consumers 2025-2026, says reported fraud losses among people 60 and older rose roughly fivefold, from about $600 million in 2020 to about $3 billion in 2025, driven largely by a growing number of extraordinarily large individual losses.

Another federal case from the same week shows a different route to the same result. In northern Ohio, three defendants pleaded guilty to conspiracy to commit wire fraud in romance scams that targeted older Americans on dating sites and social media, with losses above $9 million. Sentencing is set for February 2027.

Spotting access problems before the money is gone

The Corona case involved someone inside the household, but outside scammers go after the same accounts. The Social Security Administration’s inspector general has separately warned about QR-code phishing, a tactic that sends people to fake login pages for accounts they already hold.

A short audit covers most of the exposure. People who rely on an assistant, caregiver or relative can list every person with a checkbook, debit card, online login or power of attorney, and confirm that each one is still needed.

Statement alerts do the rest. A text or email for every withdrawal over a small threshold, sent to someone other than the person handling the accounts, would have flagged a stream of cash checks long before the total approached seven figures. Anyone who suspects fraud can report it at ReportFraud.ftc.gov, the FTC’s reporting site named in its older-adult report.

Who else can move money from the accounts, and would anyone notice a run of cash checks?

The Corona case shows how long a trusted insider can go unchecked when the paper trail is never reviewed: hundreds of checks, a death in the household, and a widow still relying on the same assistant. Families who never audit who holds a checkbook, a login or a debit card leave the same opening, and a thief who gets in rarely stops at one withdrawal.

Scam-Proof Your Accounts in a Weekend lays out ten moves that lock the ways scammers reach money, in about four hours and in the order that protects the most first. It covers how to lock bank logins with two-step login, alerts and a verbal password, how to freeze credit at all three bureaus, free by federal law, and a family code word for fake grandchild-in-trouble calls.

Lock down account access and set up statement alerts with Scam-Proof Your Accounts in a Weekend →

This article was produced with AI assistance and edited for accuracy against the sources linked above.


Spotted an error? Tell us at [email protected]. We fix mistakes fast and in the open — see how we work on our standards page.

Get the money news that affects your wallet — free, every weekday morning.