June 16, 2006
EMPLOYEE OF STATE TREASURER’S
INDICTED FOR THEFT AND EMBEZZLEMENT
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
Treasurer’s Office and the U.S. Postal Inspection Service.
The case will be prosecuted by the Criminal Investigations Division.