An Upper East Side woman was arraigned Tuesday on charges of stealing more than $340,000 from her elderly mother, a Fresh Meadows resident, prosecutors announced.
Barbara Schwartz, 62, of East 71 Street in Manhattan allegedly withdrew funds from her mother’s bank account to pay for spa treatments, clothing, alcohol and cab rides from 2010 to 2013.
She was arraigned Tuesday on a four-count indictment charging her with grand larceny and criminal possession of stolen property and faces up to 15 years in prison if convicted. Queens District Attorney Richard A. Brown said Schwartz was ordered held on $50,000 bond.
Law enforcement sources said Schwartz came into control of her 91-year-old mother’s finances after the elderly woman suffered a stroke in 2008. Authorities were alerted to the theft by another child of the victim, and an analysis of the suspect’s bank records allegedly indicated that none of the money was used to benefit the ailing woman.
“The defendant’s mother spent a lifetime acquiring the assets needed to make her final years comfortable and free of the stress of financial worry, only to suffer a stroke and have her daughter allegedly steal the money for her own personal use,” Brown said.
Schwartz is scheduled to return to court on June 23.