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Man Steals Grandfather's Bonds to Buy Cars and Pills, Prosecutors Say

By Nicholas Rizzi | September 23, 2014 8:54am
 Robert Riley, 25, was arrested for stealing nearly $100,000 in bonds from his 85-year-old grandfather and using it to support a $500-a-day pill habit, a law enforcement source said.
Robert Riley, 25, was arrested for stealing nearly $100,000 in bonds from his 85-year-old grandfather and using it to support a $500-a-day pill habit, a law enforcement source said.
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DNAinfo

ELTINGVILLE — A Staten Island man stole nearly $100,000 in bonds from his grandfather and used it to pay for cars, drugs and a trip to Atlantic City, prosecutors said.

Robert Riley, 25, was arrested Thursday for stealing bonds from his 85-year-old grandfather and using them to make various purchases and support a $500 a day pill habit, a law enforcement source said.

In February, Riley took an envelope from his grandfather's home thinking it was cash, court papers read.

However, the envelope had 66 bonds in it that totaled $99,013.20. Riley opened an account at the Santander Bank, 4310 Amboy Rd., and cashed them between May and July, court records show.

With the money, Riley bought $70,000 worth of drugs, two cars, rented and furnished an apartment and took a trip to Atlantic City, according to court papers.

He was charged with several counts of grand larceny, criminal possession and petit larceny at his arraignment on Thursday, the District Attorney's office said. He was released without bail and is due back in court on Oct. 2.

Riley was also arrested earlier this year for marijuana possession and driving without a license.