Saginaw woman pleads guilty to embezzling from a vulnerable adult

Valda Cork, 60, pled guilty in Saginaw Circuit Court to one count of Embezzlement of $100,000 or more from a Vulnerable Adult, Michigan Attorney General Dana Nessel announced. Cork agreed to a restitution order to repay $196,394 to her mother’s estate and the Michigan Department of Treasury.  

In 2018, Cork was appointed as her mother’s guardian and conservator after her mother suffered multiple strokes and was unable to care for herself. It was alleged that over a 12-month period, Cork spent approximately $1.1 million of her mother’s money, which included $228,817 in spending Cork did not report to probate court and $664,872 for the purchase of a condo in Pompano Beach, Florida for which Cork did not have court authorization. She allegedly purchased the condo through a “ladybird” deed, allowing Cork to inherit the condo when her mother died without having to go through probate, thereby preventing her siblings from inheriting any part of it. After the probate court appointed a new guardian and conservator for Cork’s mother, the condo was
sold, and the proceeds were paid back to her mother’s estate.  

“Unfortunately, even family members cannot always be trusted to safeguard the property of their loved ones. We always warn vulnerable adults and those who care for those adults to be cautious about who has access to a protected person’s property,” Nessel said. “Vulnerable adults should be able to live in comfort without being taken advantage of by those appointed to care for them.”

The case was referred to the Department of Attorney General’s office by the Saginaw County Prosecutor’s Office. Cork’s sentencing has not yet been scheduled.