June 20, 2002
Sean Caine, 410-576-6357
COLUMBIA BROKER SENTENCED TO THREE YEARS IN JAIL FOR STEALING FROM
General J. Joseph Curran, Jr., announced today that former securities
broker/dealer Kelvin Washington, 45, of 6143 Llanfair Drive, Columbia,
was convicted on charges of theft and misappropriation by a fiduciary,
relating to his execution of a power of attorney on behalf of his
incapacitated father, Herbert Washington, Sr. Howard County Circuit
Court Judge Lenore Gelfman sentenced Washington to three years in
the State Department of Corrections and ordered him to make full
restitution in the amount of $206,085.62.
to evidence presented at trial, the money taken from the fathers
estate during the period of March 1995 to December 1997, was spent
on gambling and personal items for Kelvin Washington and to pay
his girlfriends credit card bills, while Washingtons
elderly fathers healthcare bills went unpaid.
case was referred to the Office of the Attorney General by the North
Carolina Department of the Secretary of State, after Mr. Washingtons
securities broker/dealer license was suspended in that state. In
December 1998, the Securities Commission of Maryland issued an order
that Kelvin Washington cease and desist and be barred from all activities
as a securities broker/dealer in the State of Maryland. This matter
has been investigated by the Maryland State Police and the Criminal
Investigations Division of the Office of the Attorney General.