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Senior Citizens

diamonds in the rough

Senior Citizen Steals Hearts, Gems

Meet Doris Payne. She is 77 years old, and for the last fifty years, she has been a jewel thief. She stole her first diamond at age 27, and she never used a gun. Instead, charm and wardrobe were her weapons. "I knew how to dress," says Ms. Payne. "I never did like ruffles and frills. I just like a simple-cut fine material that moves when I move." She would try on lots and lots of jewelry, then manage to pocket one piece. The items she stole? "They were not that great in number," she says. "They were great in value." Ms. Payne lifted a five-carat diamond ring from a Neiman Marcus in Denver and a $31,500 three-stone diamond ring with a platinum band from a Neiman Marcus in Palo Alto. When she was busted, on her booking sheet, she gave her occupation as "jewel thief." More »

jezenomics

Poverty Is A Major Problem For America's Older Mothers

Women outlive men, but in their twilight years, they're much more likely to fall below the poverty line. In fact, according to the Women's Institute for a Secure Retirement (WISER), the largest segment of the population living in poverty is made up of elderly females. (The average Social Security benefit for women is $800 per month, compared to $1,177 for men; this is due to less time spent in the workforce overall, explains UPI.) Says Cindy Hounsell, President of WISER: "With more years out of the workforce to care for family, combined with lower wages and a greater life expectancy, it's clear that simply being a woman in our society may jeopardize your financial security." And as a second new study shows, young women — and rightfully so — are much more anxious about being able to save for retirement, pay bills, and provide for children than their male counterparts. More »

law & order: aarp

Grannies Convicted Of Murdering Homeless Men For Insurance Cash

Lately we've been bemoaning the state of the nation's ultra violent youth, but teens aren't the only ones plaguing society. Meet Hollywood's "black widows", Helen Golay, 77, and Olga Rutterschmidt, 75. Yesterday, Golay, the big-haired broad on the left, was convicted of killing two homeless men —Kenneth McDavid, 50, and Paul Vados, 73— for $2.8 million in life insurance. (Rutterschmidt has been slammed with conspiracy to kill, reports the L.A. Times.) As has been widely reported, Golay and Rutterschmidt would approach homeless men and offer them food, money and friendship. Then they'd start needling them for personal information — their ages, their Social Security numbers, and, after winning their trust, would take out accidental death life insurance policies on the men, claiming to be their cousins or fiancées. The final blow: Golay and Rutterschmidt would hit the homeless men with Golay's Volvo and make it look like a hit and run. More »