May 25, 2004
INSURANCE AGENT CONVICTED OF FELONY THEFT
J. Joseph Curran, Jr. announced today that John E. McKenney,
Jr., 54, of Prince Frederick, Maryland, pleaded guilty
in the Circuit Court for Calvert County to stealing approximately
$6000.00 in death benefit proceeds belonging to one of his clients
as the beneficiary of her late husband’s life insurance policy.
The Honorable Marjorie L. Clagett sentenced McKenney to three years’ incarceration,
suspended that sentence, and placed McKenney on three years probation.
The conviction follows a joint investigation conducted by the Office
of the Attorney General and the Maryland Insurance Fraud Division
of the Maryland Insurance Administration.
the statement of facts presented by the prosecutor, in July of
2003, the insurance company established an account from
which the beneficiary of one of their policies could access life
insurance proceeds and gave the checkbook to McKenney for delivery
to the client. McKenney never delivered the checkbook and, between
July 17th and August 4th of last year, forged his client’s
signature and negotiated three checks totaling $6000.00. When confronted
by investigators, McKenney admitted to cashing the checks and paid
the money back. He subsequently consented to the revocation of
his insurance agent’s license by the Maryland Insurance Administration.