August 26, 2002
Sean Caine, 410-576-6357
COUNTY INSURANCE AGENT PLEADS GUILTY TO INSURANCE FRAUD
General J. Joseph Curran, Jr., announced today that Burke Allen
Walker, 45, of Ellicott City, entered a guilty plea in the Circuit
Court for Howard County to a one-count criminal information alleging
misappropriation of insurance premiums. In a statement of facts
presented to Judge Diane Leasure, Walker admitted that between the
dates of October 16, 2000 and May 3, 2001 he misappropriated $556,981.25
in insurance premiums belonging to Gerling NCM Credit Insurance,
Incorporated. Walker admitting to using the premium money to finance
business enterprises, and was unable to remit the premiums when
those enterprises failed.
Leasure sentenced Walker to six years in the Division of Corrections,
and suspended the sentence in favor of a five-year period of supervised
probation. Walker was also ordered to pay restitution in the amount
of $423,941.25 to Gerling NCM. The restitution represents the amount
of the premiums that he misappropriated, less the commission he
was due as the agent of the policyholder.
criminal information followed a joint investigation conducted by
the Insurance Fraud Division of the Maryland Insurance Administration
and the Office of the Attorney General.