City Man Convicted of Felony Theft
MD ( April 5, 2010) - Attorney General Douglas F.
Gansler announced today that Auric Zygala, 34, of Baltimore
City, has been sentenced on two counts of felony theft. Baltimore
County Circuit Court Judge John Grason Turnbull, II imposed
a five year sentence, suspending all but 18 months to the Division
of Corrections, and ordered five years supervised probation,
and $52,492.61 in restitution to Banc of America Investment
The investigation revealed that from July 2008 until December
2008, Zygala, a licensed producer for Banc of America, forged eight
Hartford Life Insurance Company annuity surrender request forms
and transferred a total of $60,000 from two annuity accounts into
his personal checking account with Bank of America.
Mr. William Smith, 80, contacted The Hartford when he noticed
that money had been withdrawn from his annuity account without
his authorization. The Hartford reviewed all of its annuity contracts
and found another account with questionable activity. Wire transfers
had been made from the annuity account of Mr. Richard Hutchason,
66, and monies from his account were transferred to the same questionable
account. When Mr. Hutchason was contacted, he said that he had
not authorized the transfer.. Additionally, it was discovered that
both annuities had been sold by Zygala. The Hartford notified Banc
of America of its findings.
revealed that Zygala had sold the annuities to Mr. Smith and
Mr. Richard Hutchason and subsequently forged
their signatures requesting money transfers from their annuity
accounts into his personal checking account with Bank of America.
Zygala admitted to forging the surrender request forms, mailing
the forms to The Hartford and having the monies wired to his personal
account. Zygala transferred $16,000 from Mr. Smith’s annuity
and $44,000 from Mr. Hutchason’s annuity, which Banc of America
replaced once the thefts were discovered.
The conviction follows
a joint investigation by the Insurance Fraud Division of the
Maryland Insurance Administration, the Maryland
State Police and the Office of the Attorney General. In making
today’s announcement, Attorney General Gansler thanked Assistant
Attorney General Roberta Siskind for her work on the case.