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For Immediate Release
June 20, 2002
Contact: Sean Caine, 410-576-6357

FORMER COLUMBIA BROKER SENTENCED TO THREE YEARS IN JAIL FOR STEALING FROM INCAPACITATED FATHER

Attorney 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.

According to evidence presented at trial, the money taken from the father’s estate during the period of March 1995 to December 1997, was spent on gambling and personal items for Kelvin Washington and to pay his girlfriend’s credit card bills, while Washington’s elderly father’s healthcare bills went unpaid.

This case was referred to the Office of the Attorney General by the North Carolina Department of the Secretary of State, after Mr. Washington’s 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.

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