An Alabama man has been convicted of stealing $8.4 million from an elderly victim through a complex Ponzi scheme.

James Dean “Jimmy” Bulger, 60, was convicted of first-degree theft by deception, aggravated theft by deception, and first-degree financial exploitation of the elderly, Alabama Attorney General Steve Marshall announced Friday.

“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,” Marshall said in a press release.

Bulger, authorities said, stole the millions from the elderly man over the course of more than two years.

The Deatsville man, according to the AG’s office, manipulated the victim’s advanced age and trust, convincing him to reinvest what he believed were profits — when in fact he was simply receiving his own funds.

Bulger used the stolen money to fund an extravagant lifestyle, purchasing luxury vehicles, designer goods, and constructing an 8,000-square foot mansion, according to Marshall’s office.

Following his indictment for the charges on which he was found guilty, Bulger tried to entice the victim to drop the criminal case in exchange for $1 million, authorities said.

“James Bulger saw vulnerability and exploited it for personal gain, living lavishly while destroying his victim’s financial future,” Marshall said. “His conviction is a powerful reminder that we will not hesitate to hold con artists and manipulators accountable, especially when they target our seniors.”

Bulger was convicted following a six-day trial in Montgomery County. He was initially indicted in 2023.

The case was prosecuted by the Attorney General’s Special Prosecutions Division, including Assistant Attorneys General Kyle Beckman, Alana Cammack, and Jasper Roberts.

Sentencing for Bulger is set for July 21. He is held in the Montgomery County Detention Center.