California man charged with theft by deception in Montgomery

Kaun Yi Tsou/Courtesy: Montgomery County Detention Facility

A California man is in custody in Montgomery for trying to deceive an elderly person out of a large amount of money.

According to court records, on August 22, 27-year-old Kaun Yi Tsou, of Diamond Bar, CA, and an unnamed co-conspirator committed the crime of aggravated theft by deception by obtaining over $300,000 from a Montgomery resident who is over the age of 60.

Court records say the victim was in contact with the suspects and was told to invest in a fraudulent platform. The victim was led to believe they owed fees in excess of $300,000. Court records say Tsou traveled from California to Montgomery to meet with the resident and receive the money in a box.

The Alabama Securities Commission was notified by LPL Financial in Montgomery that the resident was believed to be a victim of financial exploitation of the elderly.

Tsou is in the Montgomery County Detention Facility and charged with Aggravated Theft by Deception. His bond is at $1 million.