Three Arrested in Texas Statewide Elder Fraud Scheme

Three suspects—Prakash Krishnaraj, Christian Bolding, and Eric Ell—have been arrested in North Texas for allegedly running a fraud scheme that targeted more than 75 elderly Texans, resulting in about $1.5 million in losses. The suspects, operating as Precision Home Pros and Krishnaraj Construction, approached seniors in public, promising lower service bills and installing inexpensive equipment. They used electronic signature platforms to fraudulently enroll victims in long-term loans ranging from $13,000 to $32,500, which left victims responsible for 20-year loans while the suspects received the funds. Bolding and Ell are charged with financial abuse of the elderly and making false statements to obtain property or credit, while Krishnaraj faces charges of making false statements to obtain property. Authorities believe the scheme may be more widespread than currently uncovered, with the investigation ongoing and more victims possibly statewide. Police urge anyone who suspects fraudulent targeting to contact law enforcement.