Police-lightsA Wisconsin woman appointed to manage the financial affairs of an elderly Iowa woman is now charged with stealing thousands of dollars from the woman, who lives in Newton.

Newton Police say they have made an arrest in the financial exploitation of a 77-year-old woman from January of last year through early April this year. Police believe 47-year-old Renee Goeldner made personal purchases from the victim’s bank account. The loss for the victim is said to be just over $23,500.

The Newton Police department began the investigation April 6. Officers say Goeldner, who lives in Beaver Dam, Wisconsin, was the conservator for the victim. She is charged with first degree theft and dependent adult abuse and is free on a 10-thousand dollar bond.

(Reporting by Randy Van, KCOB, Newton)