FOR IMMEDIATE RELEASE:
October 27, 1999
Attorney General J. Joseph Curran, Jr. announced today that a Baltimore County man has been charged with insurance fraud and theft for offenses committed while a licensed life insurance agent. In a 21-count criminal information filed in the circuit Court for Baltimore City, Frederic Jay Krieger, 8014 Valley Manor Road, Apt. 3B, Owings Mills, Maryland, was charged with insurance fraud for submitting false applications for increased life insurance coverage in the names of seven different clients. Krieger was also charged with theft for taking money out of client accounts, and for taking commissions on the policies that he fraudulently obtained.
Krieger's insurance license has already been revoked by the Maryland Insurance Administration. According to an order entered in June 1998, Krieger was found to have submitted to an insurance company documents bearing unauthorized client signatures. A criminal investigation by the Administration's Insurance Fraud Division followed. Employees of the Insurance Administration, the Maryland State Police, and the Office of the Attorney General staff the Insurance Fraud Division.
The filing of criminal charges is merely an allegation of wrongdoing, and everyone is presumed innocent until the charges against him or her have been proven, beyond a reasonable doubt, in a court of law. No trial date has been set.