Husband and wife plead guilty to stealing more than $200,000 from elderly grandparents

Couple allegedly stole $12,000 per month

GOLDEN, Colo. - A husband and wife entered guilty pleas in the theft of $227,000 from the man’s elderly grandparents Thursday.

William “Bill” and Karen Young of Commerce City allegedly emptied the bank accounts and used the credit cards of Francies and Harland Gibbs for their personal expenses between June 2009 and December 2010.

The Gibbs couple moved into assisted living in September 2008. According to a release from the Office of the District Attorney, Bill Young had power of attorney over his grandmother and used that authority to access the elderly couple’s accounts.

In 2010, an attorney for the Gibbs couple called Westminster police to report what appear to be theft from their account.

Credit card statements show that the Youngs used the Gibbs’ money to make utility and mortgage payments, purchase airline tickets, and shop online and in stores. They spent an average of $12,000 per month using the Gibbs’ money, according to Bill Young’s defense attorney.

Bill Young, 41, entered a guilty plea to theft from an at-risk adult over the amount of $500, while Karen Young, 42, entered a guilty plea to the theft from an at-risk adult under the amount of $500.

Harland Gibbs died in 2010 before the case was filed, and Francies Gibbs died in January 2013 at age.

Both Bill and Karen Young are scheduled to be sentenced on May 13 at 3:30 p.m. Bill faces between four and 12 years in prison, and Karen faces between 1 and 3 years in prison.