Man Arrested for Theft of Nearly $1 Million from Elderly Relative

An arrest was made at a Madison hotel on Thursday.

Eric Dyer. Photo by Indiana State Police.

(Jefferson County, Ind.) - A Batesburg, South Carolina man was arrested today on a warrant for multiple charges related to the theft of approximately $1 million from an elderly relative residing in Madison. 

The investigation by Indiana State Police began in May of 2024 when a financial institution reported suspicious transactions involving the accounts of an elderly Jefferson County woman.

During the investigation, investigators learned that in 2021, Eric Dyer, age 54, Batesburg, SC, was named power of attorney/legal guardian over his grandmother, who resided in an assisted living center in Jefferson County, Indiana.

A review of bank records indicated that between 2022 and 2024, Dyer allegedly withdrew nearly $1 million from the victim’s bank accounts for his personal use. Investigators also learned that Dyer was behind in paying the victim’s assisted living facility monthly balance.

At the conclusion of the investigation, the case was presented to the Jefferson County, Indiana Prosecutor’s Office for review. As a result, a warrant was recently issued for Eric Dyer for multiple felony counts of Theft, Money Laundering, Corrupt Business Influence, and Neglect of a Dependent, as well as a misdemeanor charge of Elder Abuse.

Dyer was arrested this morning at a hotel in Madison. He was incarcerated in the Jefferson County Jail and will soon face an initial appearance in court.

Indiana State Police Detectives were assisted by the Jefferson County Prosecutor’s Office and the Indiana Adult Protective Services.