State Police arrested 65 year old Ivan Gerdwagen of Saratoga Springs for Grand Larceny. Authorities received a call last week that over $260,000 was missing from a victim’s bank account. The investigation determined that Gerdwagen was acting as the victim’s power of attorney at the time of the theft. Gerdwagen reportedly removed funds totaling over $260,000 from August 2022 through January 2023 without permission or for a justifiable purpose that would benefit the victim.