Polk County attorney accused of losing $1.7 million of client’s trust at casino

A Polk County attorney was arrested after he was accused of depleting a client’s trust at the Seminole Hard Rock Casino.

The Polk County Sheriff’s Office said Jason Penrod was arrested last night on a first-degree felony charge of grand theft over $100,000 in Marion County on a Polk County warrant. Penrod works for the Family Elder Law Firm.

Lawsuit documents accused Penrod of transferring funds out of a trust he drafted for David Anderson, who passed away on Oct. 11, 2021.

The documents state that on June 4, 2024, Penrod met with David’s son, Charles Anderson, at a coffee shop in Pennsylvania to discuss the “winding down” of the administration of the trust. Penrod then gave Charles a letter that confessed to removing funds from the trust starting in October 2023.

According to the lawsuit, over the next three months, Penrod wired around $1.7 million to the Seminole Hard Rock Casino in Tampa until the trust was completely depleted. He verbally confirmed the letter’s confession while meeting with Charles.

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