Abingdon Man Charged With Felony Theft Scheme; Indictment Alleges Insurance Company was Victimized by Agent

From the Office of the Maryland Attorney General:

Attorney General Douglas F. Gansler announced today that Michael Paul Citro, 30, of Abingdon, was charged with one count of felony theft scheme having a value of at least $10,000 but less than $100,000. Theft of at least $10,000 but less than $100,000 is a felony punishable by a maximum sentence of 15 years incarceration and a $15,000 fine.

The indictment alleges from August 27, 2009 through October 14, 2010, Michael Paul Citro stole a total of $16,947.54 from American Family Life Assurance Company. Citro was a licensed insurance agent at the time of the theft.

A criminal charge is merely an accusation of wrongdoing and the defendant is presumed innocent unless the State proves his guilt beyond a reasonable doubt. The case is being prosecuted by the Insurance Fraud Unit of the Maryland Attorney General’s Office, with assistance from the Maryland Insurance Administration and the Maryland State Police.