For Immediate Release – September 17, 2013
Contact: Mark Spivey, Union County Prosecutor’s Office
Springfield Woman’s Son Charged with Siphoning $170,000 from her IRA Fund
A Wisconsin man has been charged with siphoning more than $170,000 out of his widowed mother’s individual retirement account fund over the course of about seven years, acting Union County Prosecutor Grace H. Park announced Tuesday.
Robert Blabolil, 54, formerly of Fanwood, is charged with second-degree theft. He was arrested late last week when he appeared in court as the defendant in an unrelated civil matter.
Blabolil’s father died in 2001, leaving his widow, a Springfield resident, the retirement fund in question, according to Union County Assistant Prosecutor Ann Rubin, who is prosecuting the case. Blabolil ultimately gained control over the account, using it to pay himself tens of thousands of dollars in checks and to make large deposits in an account controlled by his wife and an investment account of his own, Rubin said. The alleged thefts took place from September 2005 through August 2012, according to the investigation.
State Superior Court Judge Thomas J. Walsh set bail at $75,000 with no cash option.
These criminal charges are mere accusations. Each defendant is presumed innocent until proven guilty in a court of law.