Reference no: EM131905828

Question: Doug and Sherri are an elderly couple who are retired and residing in Florida. Both have suffered substantial physical deterioration, including vision loss and poor memory. Ned, who had coveted their 1962 Corvette for years, told the couple that they should trust him with their financial affairs, including giving him title to their vehicle. He told the two that he would drive them to the places they needed to go, but that state law required that his name appear on the title of the car, as he would be the sole driver. Doug and Sherri complied with his request, believing that his statement concerning Florida law was correct. Subsequently, the couple created a trust account and named Ned as trustee. The purpose of the account was to provide Ned with a general fund from which he was to pay the household bills. Ned withdrew all the money and placed it into his personal account. When this occurred, the couple contacted Ned, who claimed to know nothing of the account. Sherri contacted the local prosecutor, who conducted an investigation. Through that investigation, it was discovered that Ned held title to the Corvette. You work for the prosecutor. Your assignment is to determine what crimes have been committed, if any. Your state has no theft statute, but recognizes common law theft crimes.