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

August 7, 2001 Media Inquiries: Sean Caine 410-576-6357

Former Company Controller Stole Nearly $88,000

Baltimore - Attorney General J. Joseph Curran, Jr. announced today that Cresencio C. Castelo, 56, 704 East Broadway, Bel Air, plead guilty to count one of the Prince George’s County indictment issued April 24, charging him with Felony Theft in connection with money he stole from his former employer, Compucel Service Corporation, a computer service company located at 900 Fourth Street, Laurel, Prince George’s County, where he had worked since July 1996.

The Statement of Facts read by the State in support of the plea, indicated that Castelo stole over $87,900 between March 14, 1998 and March 29, 2000. The defendant used his position as controller, as he had sole responsibility for payroll and accounts payable and with signature authority to write checks against the Compucel payroll and general accounts, to write himself numerous unauthorized checks. Castelo was fired as a result of the theft.

The Honorable Sherrie Krauser scheduled sentencing for October 9, 2001. She intends to conduct a hearing to determine the amount of restitution owed by the defendant, as well as other matters relevant for sentencing.

Felony Theft carries a maximum possible sentence of 15 years imprisonment and/or a fine of $1,000, or both. The State seeks restitution for Compucel Service Corporation, in accordance with the statute.

The defendant is scheduled for trial in the Anne Arundel County Circuit Court for two counts of tax perjury, arising from charges brought by the Criminal Investigations Division of the Office of the Attorney General on April 24, 2001. The trial is scheduled for September 4, 2001. Tax Perjury carries a maximum possible sentence of 10 years imprisonment.