October 9, 2003
Sean Caine, 410-576-6357
INSURANCE AGENT CHARGED
WITH THEFT, INSURANCE FRAUD
General J. Joseph Curran, Jr., announced today the filing of criminal
theft and insurance fraud charges against Stephen R. Hitch, 48,
of Salisbury. In a 40-count indictment filed in the Circuit Court
for Wicomico County, Hitch was charged with stealing $293,639 from
American Liberty Financial Services, Inc. and Prime Rate Premium
Finance Corporation, Inc. The indictment follows a joint investigation
conducted by the Insurance Fraud Division of the Maryland Insurance
Administration and the Office of the Attorney General.
convicted of theft, Hitch could be sentenced to serve 15 years in
prison and fined $1,000. He also faces 15 years imprisonment and
a $10,000 fine if convicted of insurance fraud.
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.