Gaithersburg Man Indicted for Fraud and Felony Theft
BALTIMORE, MD (May 27, 2008) - Attorney General Douglas F. Gansler
announced today that Michael Elhawa, 39, of Gaithersburg, was indicted
in the Circuit Court for Baltimore County for insurance fraud and
The charges allege that during November 2006 through February
2007, Elhawa fraudulently stole almost $50,000 from Premium Finance
of America, Inc. Elhawa, who was an insurance agent representing
PFA at the time, used blank PFA checks and fabricated PFA accounts
to enable the fraud. No trial date has been set.
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.
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 he is guilty beyond a reasonable doubt.