MONTGOMERY, AL – Alabama Attorney General Steve Marshall announced today that James “Jimmy” Bulger has been found guilty by a Montgomery County jury on three felony counts: first-degree theft by deception, aggravated theft by deception, and first-degree financial exploitation of the elderly.
The verdict follows a six-day trial during which the jury heard evidence that Bulger operated a Ponzi-style scheme targeting an elderly victim. Over a period of more than two years, Bulger convinced the victim to reinvest what were presented as profits but were in fact the victim’s own funds, totaling $8.4 million. Testimony indicated that Bulger used the funds to support a lavish lifestyle, which included luxury cars, high-end purchases, and the construction of a large residence.
The prosecution also introduced evidence that after his indictment, Bulger attempted to persuade the victim to drop the charges in exchange for $1 million…