Michael Michelson, , and his wife Paula Halloran, both pleaded no contest to first-degree larceny and conspiracy to commit first-degree larceny in Stamford Superior Court on Wednesday, according to The Hour.
Michelson's was considered "nolle" during the pre-trial, according to the court clerk's office, meaning that criminal charges against Michelson will no longer be pursued. Michelson was last month.
Halloren received five years of probation and has been ordered to pay $14,000 in restitution and transfer her Rhode Island property to the victim, according to her lawyer Edward McManus.
Last year, New Canaan police had said that an 81 year-old Greenwich woman who was suffering from “‘cognitive issues’” allegedly wrote the couple checks totaling n between 2005 and 2008, but since the statute of limitations on larceny is only five years, the accused could only be charged with “."
as a front and used the money to furnish a home in Block Island. New Canaan police arrested Michelsen and his wife, Paula Halloran, now age 40, of New Canaan, on Feb. 25 of 2011.