Police: Colonie man stole six figures from elderly friend

State Police yesterday arrested a man they say stole six figures from an elderly man.

Reginald E. Holcomb, 40, of New Shaker Road in Colonie, was arraigned on a charge of grand larceny in the second degree and remanded to the Schenectady County jail in lieu of $50,000 cash bail or $100,000 bail bond.

Police allege Holcomb befriended the elderly man at an off track betting parlor, then accompanied him to various banks to withdrawn funds. Police learned of the situation about two weeks ago, when State Police in Princetown were contacted by the Sunmark Federal Credit Union in Latham.

Police are asking the public to contact State Police at 630-1712 if they have any knowledge of Holcomb and similar circumstances."

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