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


November 28, 2001 Media Inquiries: Sean Caine 410-576-6357

FORMER BANKERíS TITLE CHIEF OPERATING OFFICER INDICTED ON INSURANCE FRAUD CHARGES

Attorney General J. Joseph Curran, Jr., announced today the indictment of Edwin J. Kirby, Jr., former chief operating officer of Bankerís Title Company, a Towson-based real estate settlement company. In a three-count criminal indictment filed in the Circuit Court for Baltimore County, Kirby was charged with felony theft, insurance fraud and misappropriating in excess of $1 million dollars from settlement customers of Bankerís Title Company between January 1997 and February 2000.

The indictment follows a joint investigation conducted by the Office of the Attorney General, the Insurance Fraud Division of the Maryland Insurance Administration and the Maryland State Police. If convicted of felony theft or insurance fraud, Kirby could be sentenced to serve up to 15 years in prison on each count.

A criminal indictment 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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