Bensalem Police arrested a Bristol lady for stealing more than $280,000 from a friend's estate, according to police.
On Friday, Jan. 11, 52-year-old Cecilia Sarachilli of the 600 block of Spring Street in Bristol was arrested by Bensalem Police and charged with forgery, theft and related charges after she allegedly stealing more than $280,000 from an estate of a long time friend, according to police reports.
Sarachilli was Power of Attorney and Executrix of the trust when her friend was placed into an assisted living home back in December 2008. The friend passed away in July 2011.
When the friend went into the home, Sarachilli started stealing more than $180,000 in cash and took out a $100,000 line of credit from a home the friend owned, according to police.
The funds were to be distributed to family members and to two charities—Children’s Hospital of Philadelphia and Hope for Animals foundation in Morrisville. Instead, Sarachilli decided to spend the money on herself, police said.
In late 2012, Sarachilli voluntarily removed herself as Executrix of the Estate after a petition was filed by two beneficiaries.
Sarachilli was arraigned at Magisterial Judge Joseph Falcone and bail was set at $100,000 or 10 percent bail.