A River Falls man is accused of spending his elderly father’s money for his own expenses without permission.

Raymond V. Egan, 51, River Falls, posted a $10,000 signature bond Feb. 25 on a felony theft – business setting > $100,000 (increased penalty for elder person victim) charge in Pierce County Circuit Court. If convicted, he faces a maximum penalty of 12.5 years in prison and/or fines up to $25,000.

According to the complaint:

In March 2025, a River Falls director of nursing at a local elder care facility reported concern to Adult Protective Services about an 84-year-old man’s bank transactions. The director said she has noticed cognitive decline and the man is on the waiting list for memory care services.

During an investigation of his financial accounts, the man said he didn’t give anyone permission to write checks from his account or use it. When informed of transactions showing checks written out to his son or casino withdrawals, he expressed disappointment and surprise.

The man’s son, identified as Egan, said he'd pulled money from his dad’s account to pay bills that were piling up for the past year or so due to memory issues, including to the living facility, credit cards and cell phone bills. He said he’d been power of attorney for his father for about 20 years. He said his dad told him to use the money “as he sees fit.”

Egan admitted to withdrawing money to go to the casino a couple of times a month, buying groceries, making payments to Sezzle (a buy now, pay later digital platform), covering his own expenses when money was tight and paying his own rent. He said his dad had authorized the use of his funds for his grandchildren.

Egan claimed that he used the money to buy items for his dad to give his kids at Christmas, such as a firearms holster. He admitted to buying firearms and ammunition for himself and his son, as well as making his car payments from the account. He said he believed the money was his because his name was on the account. The following amounts were attributed to Egan and not for the victim: $5,365.90 in 2023, $34,434.81 in 2024 and $70,999.70 from January-May 2025, for a total of $110,800.41.

Egan’s next court appearance is a preliminary hearing at 11:30 a.m. April 7.