ALBANY, N.Y. - An Albany man was arrested and charged this week with killing his parents , after he confessed to the crimes in an interview with a local TV news station.

Investigated for Social Security fraud

What we know:

Lorenz Kraus has been charged with the murders of his parents, Franz and Theresia Kraus, and burying their bodies. The Albany Police Department announced his arrest on Thursday.

In a statement on Facebook , the department said the family was originally being investigated for financial crimes. Local, state and federal officers served a search warrant on the family home on Tuesday, and discovered that Franz and Thereisa Kraus hadn't been seen or heard from in years. Officials claimed that Lorenz Kraus was still cashing in their Social Security checks.

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