A man from Naperville’s far southwest side is free on bond and awaiting trial, after being accused of bilking an elderly man out of $224,000 in an investment scheme.
Robert J. Loncar, 51, lives on the 3400 block of Redwing Drive, in Naperville’s Tall Grass neighborhood. He is charged with a total of eight crimes that include financial exploitation of the elderly or disabled; theft or unauthorized control with intent of $100,000 but less than $500,000; theft by deception in that same amount; and three counts of wire fraud and two security violations, according to records on file in DuPage County Circuit Court in Wheaton.
Naperville police arrested Loncar on a $5,000 warrant about 10:07 p.m. Wednesday, written police records showed. Police at that time were performing a “well-being check” at a house on the 3800 block of Royal Dornach Court, in the nearby Tamarack West neighborhood, where Loncar was found.
Maura Possley, press secretary for Illinois Attorney General Lisa Madigan, on Friday confirmed the case against Loncar is being prosecuted by Madigan’s office.
The accusations date from March 2011, Possley said. Loncar is alleged to have “knowingly stood in a position of trust or confidence” with a man over the age of 60, and “by deception … intended to permanently deprive” the man of his money, she said.
Loncar allegedly told the victim he would invest his money in securities, Possley said. The man then allegedly made wire transfers totaling $224,000 from his account with Equity Trust Co. to Loncar, “for the purpose of investing” in securities, she said.
Possley said Loncar then allegedly “failed to invest the proceeds in securities” and instead used the money to pay personal debts.
Details of Loncar’s background and profession could not be immediately learned. His relationship to the alleged victim also was not known.
An examination of court documents indicated Loncar has no criminal record in DuPage, Kane and Will Counties.
A woman in February 2013 sought an order of protection against Loncar on behalf of herself and three children, according to records on file in Will County Circuit Court in Joliet. A judge on Feb. 5 vacated that order, records showed.