Tag: Embezzlement

Capital and Risk, Insurance

Former Maryland Insurance Agent Pleads Guilty to Stealing $369K

April 8, 2024

Via: Insurance Journal

A former Maryland title insurance agent recently pleaded guilty to carrying out a multi-year theft scheme netting her more than $369,000, according to the state attorney general. Cheryl Leigh Gray was a licensed insurance producer working as the operations manager […]


Former Pennsylvania Bank Manager Accused of Setting Fire to Conceal Embezzlement

August 16, 2021

Via: Insurance Journal

The former branch manager of a western Pennsylvania credit union stole $340,000 and then set the bank safe on fire to throw off investigators, federal prosecutors said. A federal grand jury indicted Patty Lynn Mavrakis of Belle Vernon on Wednesday […]

Activity, Insurance

Insurer: Not liable for Claims of Embezzlement in New Mexico Matter

October 29, 2018

Via: Insurance Journal

Another insurance company has gone to federal court in New Mexico to avoid paying millions of dollars in claims from victims whose trust funds and savings were embezzled. The Albuquerque Journal reported the Cincinnati Insurance Co., based in Fairfield, Ohio, […]