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Financial adviser accused of stealing nearly $1 million from murder victim

David Del Rio, the financial adviser of a woman found dead in a Highland Beach high-rise apartment, is accused of stealing nearly $1 million from Elizabeth Cabral and her late-husband. (WPEC | PBSO)

A man who represented himself as a the financial adviser for a widow found murdered in her apartment in Highland Beach, is accused of stealing nearly $1 million from her and her late husband.

David Del Rio, 35, is facing multiple counts of grand theft from a person 65 years or older, money laundering, and exploitation of an elderly person or disabled adult. The Lee County Sheriff's Office arrested Del Rio on a warrant out of Palm Beach County last Thursday.

According to the arrest report, investigators said Del Rio stole $893,673 from bank accounts belonging to William and Elizabeth Cabral between Sept. 2016 and March 2018. Del Rio, according to investigators, worked at a bank where the couple deposited their money, ultimately gained their trust and began representing himself as their financial adviser. Deputies said Del Rio wrote out 16 checks during that period to deposit into his own bank account.

Mrs. Cabral, or "Betty" as she was known by her neighbors, was found dead in her high rise Penthouse Highlands apartment complex in Highland Beach in April. The sheriff's office ruled the 85-year-old woman's death a homicide. According to the investigative report, authorities said the person who killed Cabral used a knife, robbed her and stole her car. A neighbor told CBS12 that police said they recovered her car in Pompano Beach.

Her husband, William Cabral had Alzheimer's and died in April 2017. According to the arrest report, at about the time when doctors diagnosed Mr. Cabral with Alzheimer's in 2014, his wife raised concerns with family members about their dwindling funds. Investigators said that's when money started to disappear from the Cabral's bank accounts to benefit Del Rio. In 2015, investigators said the Cabrals named Del Rio as their sole beneficiary in their wills.

Investigators said Del Rio used the money to pay for more than 400 personal transactions. Those included a $30,000 payment on a 2017 Audi A8, payments for firearms, home improvements, credit cards, and to Royal Caribbean Cruise Line.

So far, there have been no arrests connected to the death of Elizabeth Cabral.

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