CLEARFIELD – A former Curwensville-based insurance agent accused of stealing more than $91,000 in annuity and insurance monies from clients and businesses waived his right to a preliminary hearing on Monday.
William M. Elensky Jr. of Ebensburg is charged with 12 counts of theft by deception and 12 counts of theft by failure to make required disposition of funds.
Elensky is the former owner of Elensky Insurance Agency in Curwensville
According to a prior press release from the Pennsylvania Office of the Attorney General, between August 2004 and July 2006 Elensky took payments from numerous individuals and businesses to be used in establishing annuity policies or purchasing liability and workers’ compensation coverage. Elensky created fictitious insurance documents for individuals and businesses and redirected $ 91,000 in annuity and insurance monies for his own use.
Attorney General Tom Corbett said in that press release that Elensky allegedly generated a fictitious insurance liability policy for a Clearfield County masonry company; misappropriated funds from a volunteer fire company relief association and made personal use of payments provided by another business that was to be used to purchase workers’ compensation coverage. Elensky also took thousands of dollars he received from individuals to be placed into annuity policies and instead used the money for his own personal benefit.
Elensky could face up to time in prison if convicted.
Elensky is free on his own recognizance.