No release for Gypsy swindler | TahoeDailyTribune.com
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No release for Gypsy swindler

Christina Proctor

Margaret Venus Loeo’s attempt to post a $250,000 bail bond Tuesday was temporarily cut short.

The Bay Area woman charged with taking almost $250,000 from an elderly Stateline man has been in jail ever since her arrest in Hayward, Calif. on March 16. Douglas County District Court Judge Michael P. Gibbons stopped a bondsman from posting her bail Tuesday, calling for a hearing on the matter today at 3 p.m.

Loeo, a member of a San Francisco-area Gypsy clan whom investigators believe targets elderly men for “sweetheart” scams, pleaded not guilty Monday to one charge of obtaining money by false pretenses from a person over the age of 65. Two alleged accomplices are still at large.

Gibbons lowered Loeo’s bail Monday from $150,000 cash only to $100,000 cash or $250,000 bond, giving Loeo the opportunity to get out by putting up $25,000. At the time, Deputy District Attorney Alan Buttell argued against the change stating Loeo, who has six alias, was a flight risk.

Loeo’s attorney, William Routsis, told the judge that his client would stipulate to house arrest at her mother’s home in Sacramento as a condition of bail. Routsis told the court that Ana Loeo has resided at the Sacramento home for more than 30 years. Buttell argued to continue prior conditions for bail that included she stay in Nevada and be electronically monitored at all times. Judge Gibbons told Buttell it was not necessary to continue arguments over stipulations.

“I don’t think she’s going to get out of custody,” Gibbons said. He then agreed that the issue would be revisited if Loeo made bail, which she attempted on Tuesday. On Monday, Ana Loeo promised to put up the family home as collateral.

Tahoe Daily Tribune E-mail: tribune@tahoe.com

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