Bessemer man guilty of defrauding elderly family member of more than $500,000

A Bessemer man has been convicted of scamming an elderly family member out of more than $500,000.

A federal jury in Birmingham, after two days of testimony, found 47-year-old Terrance Alonzo Pruitt guilty on two counts of wire fraud, according to Northern District of Alabama U.S. Attorney Prim Escalona and FBI Special Agent in Charge Carlton Peeples.

Pruitt in September 2023 executed a Power of Attorney over the victim, an elderly family member, without the victim’s knowledge or permission.

Between September 2023 and December 2023, Pruitt devised a scheme to defraud the victim by becoming a joint account holder on the victim’s bank accounts, removing two payable on death beneficiaries from one of the accounts, and adding two POD beneficiaries to an account.

Pruitt also transferred more than $500,000 in funds from the victim’s accounts to his personal bank accounts.

When confronted, authorities said, Pruitt told various, inconsistent stories attempting to excuse his conduct.

The FBI investigated the case. Assistant U.S. Attorney Ryan S. Rummage is prosecuting.

Pruitt faces up to 20 years in prison. A sentencing date has not yet been announced.