A federal indictment accuses Nancy Black, 69, of Grand Prairie, of taking at least $1.2 million from an elderly Waxahachie couple whose finances she handled. Prosecutors allege she forged checks payable to herself, used the couple’s accounts to pay her credit-card bills and withdrew money from an account she had been told to close more than a decade earlier, CBS News Texas reported.
The indictment charges Black with 10 counts of bank fraud and two counts of aggravated identity theft. She made an initial court appearance Wednesday, according to CBS News Texas. The charges are allegations; the case’s outcome has not been established.
A broader pattern in reports, not proof in this case
Black had worked as the couple’s bookkeeper from 2018 to 2024, after they first hired her in the early 2000s, CBS News Texas reported. The alleged access through a longstanding financial relationship echoes a broader pattern in reports of suspected exploitation: a Consumer Financial Protection Bureau analysis found that two-thirds of suspects named in depository-institution suspicious-activity reports were people known to the older adult.
That analysis also said financial institutions had reported more than 180,000 suspicious activities targeting older adults, involving more than $6 billion, since 2013. Those figures describe reported suspicions, not confirmed crimes, and are national data; they do not establish what happened in Black’s case or how common such cases are in Texas.
Texas definition and reporting guidance
Texas Department of Family and Protective Services guidance defines financial exploitation as using or attempting to use a vulnerable adult’s money, property or identity for personal gain or benefit without informed consent. That general definition does not establish that the Waxahachie couple meets the agency’s definition of a vulnerable adult or that Black faces a state charge, DFPS says.
For people who suspect abuse, neglect or financial exploitation of a vulnerable adult, DFPS directs reports to the Texas Abuse Hotline at 1-800-252-5400. If convicted, Black faces up to 30 years in prison on each bank-fraud count and up to two years on each aggravated-identity-theft count, CBS News Texas reported.
