PRINCE GEORGE’S COUNTY MAN CHARGED WITH
DEFRAUDING INVESTORS

Maryland Attorney General J. Joseph Curran Jr., announced today that Joseph Alphonso Engerman, age 40, formerly a resident of Prince George’s County, Maryland who now resides in Atlanta, Georgia, was indicted by a Prince George’s County Grand Jury for multiple counts of Felony Theft, Fraudulent Misappropriation by a Fiduciary, and Forgery. The indictment alleges that Engerman defrauded three individuals out of $87,850.00 between February 1999 and May 2001 and that Engerman forged the signatures of two of the individuals.

The maximum sentence on each count of Felony Theft is 15 years incarceration and a $1,000 fine or both. Fraudulent Misappropriation by a Fiduciary is punishable by a maximum sentence of 5 years and each count of Forgery is punishable by a maximum sentence of 10 years. The charges are merely accusations and the defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

The case was referred by the Securities Division of the Attorney General’s Office, investigated by Maryland State Police, and will be prosecuted by the Criminal Investigations Division.