Published: Aug 15, 2012 12:54 PM EDT
Updated: Aug 15, 2012 1:04 PM EDT

ENGLEWOOD EAST, Fla.- The Charlotte County Sheriff's pawn detective closed a two-year old case and arrested a father for stealing a $5,500 ring while an elderly man was in a hospital, and had his daughter pawn it for $300 cash for drug money on July 12, 2010. Pete Michael Patterson, 45, of 8337 Pelican Drive in Englewood, was charged Tuesday with Grand Theft from a Person 65 or Older .

The daughter-in-law of the 70-year-old male victim located the diamond clustered ring at Young’s Creative Jewelry and purchased it back for $300. The pawn detective obtained the pawn transaction paperwork that showed Beth Nicole Patterson, 26, the daughter of Pete Patterson, had pawned the ring. She said her father did not have a driver’s license and asked her to pawn the ring for him. The form showed Beth Patterson’s driver’s license and thumb print.

The detective spoke with Beth Patterson at the Charlotte County Jail on Aug. 2; she was incarcerated July 31 on Violation of Probation charges. Patterson said her father gave her the ring and asked her to pawn it for him, knowing it was stolen. The elderly man gave Pete Patterson a key to the home to take care of his dog while he was hospitalized for a couple months. Charges of Dealing in Stolen Property and False Verification of Ownership were filed on Beth Patterson at the County Jail.

Tuesday, Pete Patterson was arrested on the Grand Theft charge for stealing the ring. He remains in the County Jail on $15,000 bond. His daughter also remains in jail on no bond.