A man from Sterling, Alaska, has been indicted by a Minnehaha County grand jury on one count of attempted aggravated grand theft by deception.

Kent Lee Tompkins, 49, was arrested for allegedly forming a sham collection agency in an attempt to steal more than $700,000 from an elderly person. It is also alleged that the defendant was successful in stealing $40,000.

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Attempted aggravated grand theft by deception is a class 2 felony, punishable upon conviction by up to 12½ years in prison and a $25,000 fine. He was also indicted on two counts of grand theft by deception, a class 4 felony, punishable upon conviction by up to 10 years in prison and a $20,000 fine.

The case is being investigated by the Office of Attorney General Elder Abuse and Financial Exploitation, the Consumer Protection Division and the Attorney General's Office.