Police: Man upset at stock losses terrorizes wife, daughter with rifle

By Ed Lewis - [email protected]
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KINGSTON TWP. — Upset at a recent stock market plunge, a man allegedly terrorized his wife and daughter and fired several rounds from an assault rifle at their Hilltop Drive residence.

Township police said they arrested Francis Joseph Caputo, 55, who was armed with a knife and standing in a bedroom where his wife, Christine Caputo, and their daughter hid in a closet Wednesday night.

Christine Caputo allegedly told police Francis Caputo was upset about a loss in the stock market earlier in the day.

Stocks have been on a volatile streak lately. The Dow Jones Industrial Average lost 1,175 points Monday, before rallying Wednesday and then posting another big loss Thursday.

Here is more information on the incident from a criminal complaint:

Police responded to the Caputo residence just before 11 p.m. after Caputo’s daughter called 911, claiming her father had a rifle and threatened to shoot everyone.

Christine Caputo and her daughter hid in a bedroom closet. While in the closet and on the phone with 911, they heard gunfire and thought Francis Caputo shot himself.

Police set up a perimeter around the house as Francis Caputo forced open a locked bedroom door where his wife and daughter were hiding.

Police noticed Francis Caputo was armed with a knife and rushed inside, arresting him in the bedroom.

Christine Caputo said her husband was upset about the stock market and he left the house. Several hours later, she received a phone call to pick up her husband as he was detained by police on suspicion of drunken driving.

When they arrived home, Francis Caputo threatened to get a gun and harm himself.

Police found a AK-47 rifle in the basement and an open box of ammunition on a table. Seven empty shell casings were found on snow in front of the residence.

Francis Caputo was arraigned Thursday in Luzerne County Central Court on two counts each of terroristic threats and simple assault, and one count each of reckless endangering another person, prohibited discharge of a firearm, disorderly conduct and public drunkenness.

He was jailed for lack of $10,000 bail.

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By Ed Lewis

[email protected]