NEWS RELEASE
Office of Maryland Attorney General J. Joseph Curran, Jr.


April 2, 2001 Media Inquiries: Sean Caine 410-576-6357

CURRAN CHARGES FORMER INSURANCE AGENT WITH THEFT AND INSURANCE FRAUD

Baltimore - Attorney General J. Joseph Curran, Jr., announced today the filing of criminal theft and insurance fraud charges against Stanley J. Page, 58, of Towson, Maryland. In a four-count Criminal Information filed in Baltimore City Circuit Court, Page was charged with stealing from three insurance premium financing companies, Credit Club Consumer Corporation, Inc., Agency Services, Inc. and Prime Rate Premium Finance Corporation, Inc. Page ran the Page Insurance Agency in the Towson area since 1992.

The charges allege that from January 1, 1998 through December 1998, Page stole funds belonging to the three premium finance companies pursuant to a course of conduct or scheme.

If convicted of theft, Page could be sentenced to serve 15 years in prison and fined $1,000. He also faces 15 years imprisonment and a $10,000 fine if convicted on the insurance fraud counts.

The indictment follows a joint investigation conducted by the Insurance Fraud Division of the Maryland Insurance Administration, the Office of the Attorney General and the Maryland State Police. A Criminal Information is merely an accusation of wrongdoing, and every individual is presumed innocent until the charges are proven by the state. No trial date has been set.

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