FORMER EMPLOYEE OF STATE TREASURER’S OFFICE
INDICTED FOR THEFT AND EMBEZZLEMENT

Maryland Attorney General J. Joseph Curran, Jr. announced today that Wendi Lynn Davis, age 42, of the 700 block of Match Point Drive in Arnold, was indicted by the Grand Jury for Anne Arundel County on theft, embezzlement, and conspiracy charges. The indictment alleges that Wendi Davis stole more than $52,000 from the State Insurance Trust Fund. Mrs. Davis is also charged with fraudulent misappropriation by a fiduciary, a crime commonly called embezzlement, because she was employed as a Treasury Specialist at the State Treasurer’s Office at the time of the alleged crimes. In a final count, Wendi Davis is charged with conspiring with Sean Davis, her husband, to commit felony theft. She is no longer employed by the State. No trial date has been set.

An indictment or charge is merely an accusation of wrongdoing and every individual is presumed innocent unless the State proves the charges beyond a reasonable doubt. The maximum penalty for felony theft and for conspiracy to commit felony theft is 15 years, $25,000 fine, or both. Fraudulent misappropriation by fiduciary carries a maximum sentence of five years.

This case was investigated by Office of the Attorney General, Criminal Investigations with the assistance of the Maryland State Treasurer’s Office and the U.S. Postal Inspection Service. The case will be prosecuted by the Criminal Investigations Division.