FORMER COMPANY COMPTROLLER CHARGED
Baltimore - Attorney General J. Joseph Curran, Jr. announced today that Cresencio C. Castelo, 56, a resident of Bel Air, Maryland, was indicted by the Prince George's County Grand Jury on charges of felony theft and fraudulent misappropriation by a fiduciary. The charges allege that Castelo stole $87,948.00 from Compucel Service Corporation, a computer service company located in Laurel, Maryland, during the time period between March 1998 and March 2000.
Attorney General Curran filed additional charges in the Circuit Court for Anne Arundel County, charging Cresencio Castelo there with tax perjury relating to his State income tax returns for the years 1998 and 1999.
The pending cases will be prosecuted by the Criminal Investigations Division of the Maryland Attorney General's Office. While an indictment and criminal information are merely accusations of wrongdoing and every individual is presumed innocent unless the State proves the charges beyond a reasonable doubt, felony theft is punishable by a maximum sentence of fifteen (15) years or a fine of $1,000.00, or both. The other charges carry additional penalties. Also, Castelo can be ordered to pay restitution.