My father who is 85 and very ill gave his power of attorney to his stepdaughter who lives with him and along with myself and my brother, take care of our father. My brother and I just learned that she used her power of attorney to close out a rather large CD of my father's that was getting over 4% interest. The penalty alone was over $12,000. She has not accounted for the money and she says there is nothing my father can do about it since she had power of attorney. Is this true? Can we go to the district attorney directly and have her prosecuted? What is the procedure?
Thank you for your response.