A 64-year-old woman was arrested for allegedly bilking $2.5 million from her fiduciary clients, Los Angeles police said Monday, adding that investigators are seeking possible additional victims.
Investigators from the Department of Justice and the Los Angeles Police Department Commercial Crimes Division arrested Donna Bogdanovich Friday on suspicion of fraud, following a 14-month investigation.
She was being held in lieu of $850,000 bail, according to county jail records.
Police said Bogdanovich is a licensed fiduciary who managed special needs trusts and conservatorships involving the elderly and other adult dependents.
“Those clients relied upon her to provide fiduciary services,” police said in a statement. “Evidence showed that Bogdanovich transferred money from her victims to her personal account. This resulted in a collective loss of $2.5 million.”
Police circulated a photo of Bogdanovich in hopes of encouraging additional possible victims to come forward.
Anyone with additional information was urged to contact 818-374-9420. Tipsters who prefer to remain anonymous can call Crime Stoppers at 800-222-8477. During non-business hours or weekends, calls should be directed to 877-527-3247.