MONTGOMERY, Ala. (WDNews) – A Montgomery County jury has found James “Jimmy” Bulger guilty on all charges in a large-scale elder exploitation case involving more than $8 million in stolen funds.
Attorney General Steve Marshall announced Thursday that Bulger was convicted of first-degree theft by deception, aggravated theft by deception, and first-degree financial exploitation of the elderly.
Prosecutors say Bulger targeted an elderly victim over two years in a complex Ponzi-style scheme. He convinced the man to reinvest what appeared to be profits, which were actually just portions of his own money. Authorities say Bulger used the stolen $8.4 million to bankroll a lavish lifestyle that included luxury cars, designer items, and a custom 8,000 square foot mansion.
Following his indictment, Bulger reportedly offered the victim $1 million to drop the case—an attempt that failed.
“This wasn’t a lapse in judgment, it was a calculated, predatory scheme that stole nearly $9 million from an elderly man who trusted him,” said Attorney General Marshall. “His conviction is a powerful reminder that we will not hesitate to hold con artists and manipulators accountable, especially when they target our seniors.”
The case was handled by the Attorney General’s Special Prosecutions Division, including Assistant Attorneys General Kyle Beckman, Alana Cammack, and Jasper Roberts. Marshall also thanked the Alabama Home Builders Licensure Board and Special Agent Robert Stuart for their roles in the investigation.
