Man accused of draining nearly $1 million from his grandmother’s bank accounts in southern Indiana

MADISON, Ind. (WANE) Indiana State Police arrested a South Carolina man after an investigation found that he allegedly withdrew nearly $1 million from his grandmother’s bank accounts.

Eric Dyer faces multiple felony charges, including theft, money laundering, corrupt business influence, and neglect of a dependent. He also faces a misdemeanor charge of elder abuse.

According to a press release from Indiana State Police, their investigation began after a financial institution reported suspicious activity in May of last year involving the accounts of an elderly Jefferson County woman.

Investigators learned that in 2021, Dyer was named legal guardian and given power of attorney status over his grandmother who resided at an assisted living center. They believe that between 2022 and 2024 Dyer withdrew the money for his personal use. It was also determined that Dyer was behind in paying for the grandmother’s stay at the assisted living center.

Dyer was arrested Thursday morning at a hotel in Madison, Indiana