Man Charged with Felony Theft and Fraud
BALTIMORE, MD (June 8, 2007) - Maryland Attorney General Douglas
F. Gansler announced today that Asher Elkayam was indicted by a
Baltimore County Circuit Court grand jury with charges of felony
theft and insurance fraud. The indictment alleges that between
July, 2004 and July, 2006, Mr. Elkayam submitted numerous false
claims to insurance companies requesting reimbursement for hearing
aids that he never actually acquired nor distributed to a patient.
The total amount of overbilling is in excess of $31,000.
Felony theft is punishable by a maximum sentence of 15 years
incarceration and a $25,000 fine. Felony insurance fraud is punishable
by a maximum sentence of 15 years incarceration and a $10,000 fine.
No trial date has been set.
The indictment follows a joint investigation by the Insurance
Fraud Division of the Maryland Insurance Administration and the
Office of the Attorney General. A criminal charge is merely an
accusation of wrongdoing and the defendant is presumed innocent
unless the State proves him guilty beyond a reasonable doubt.