Man found hanged was accused of bilking elderly client out of $500,000

gkocher1@herald-leader.comJuly 27, 2012 

The body of a man found hanging earlier this week in a northern Grant County barn has been identified as that of a Kenton County insurance agent who was accused of bilking an elderly client out of more than $500,000, police said Friday.

The body of Raymond Crosby, 49, of Hebron was found late Tuesday afternoon in a barn of the Lloyd Wildlife Management Area, a 1,100-acre recreation area near Crittenden, Kentucky State Police said in a release.

The body was not initially identifiable, but dental records confirmed that the man was Crosby. The state medical examiner's office determined that the death was a suicide, said Trooper David Jones, a spokesman for the state police post in Dry Ridge.

Kenton County police had a felony theft warrant for Crosby's arrest so he could face charges that he stole money from an elderly client, said Detective Andrew Schierberg.

"We believe he misappropriated about $540,000 from one client," Schierberg said.

A relative of the elderly client discovered "a suspicious check" that led to an investigation, Schierberg said.

The elderly client "did not realize, as far as we can tell, where the money went, or that his money had ever been transferred," Schierberg said.

Police executed a warrant to search Crosby's house on July 17.

Greg Kocher: (859) 231-3305. Twitter: @HLpublicsafety

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