Couple Accused of Swindling Rockford Woman

By Christie Nicks , WTVO WQRF Newsroom

Published 06/12 2014 04:16PM

Updated 06/16 2014 03:54PM

ROCKFORD - Two Rockford residents are behind bars for allegedly scamming an elderly woman out of thousands of dollars.

A Winnebago County grand jury indicted Gary and Kathleen Peterson for allegedly stealing approximately $50,000 from an elderly Rockford woman.  Each face nearly two dozen charges - including financial exploitation, and conspiracy.  The 22 count indictment accuses the husband-wife couple of withdrawing funds from 89-year-old Miriam Nyman's bank account and depositing it into their own from 2010 until 2014.

Winnebago County State's Attorney Joe Bruscato says the Petersons knew Nyman.  Gary Peterson was at one time a licensed investor until his license was revoked in July of 2012.  His wife, Kathleen, was never licensed.

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