HARRISBURG – Attorney General Tom Corbett announced that agents from the Attorney General’s Insurance Fraud Section have filed criminal charges against a Cambria County man accused of stealing more than $91,000 in annuity and insurance monies from clients and businesses.
Corbett identified the defendant as William M. Elensky, Jr., 34 of Ebensburg. Elensky is the former owner of Elensky Insurance Agency, located in Curwensville, Clearfield County.
According to the criminal complaint, Elensky, between August 2004 and July 2006, 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.
“These clients believed they were purchasing annuities and insurance coverage, but instead got forged documents and fictitious protection,” Corbett said. “This scam left these individuals and businesses vulnerable to damages and losses far greater than the money that was stolen from them.”
Corbett said 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.
Corbett said that Elensky is charged with twelve counts each of theft by failure to make required disposition of funds and theft by deception. Sixteen counts are third-degree felonies, punishable by up to seven years in prison and a $15,000 fine; eight counts are first-degree misdemeanors, punishable by up to five years in prison and a $10,000 fine.
Elensky was preliminarily arraigned today before Clearfield County Magisterial District Judge Richard A. Ireland, and released on his own recognizance. His preliminary hearing is scheduled for December 26, 2007.
Corbett said the case will be prosecuted in Clearfield County by Senior Deputy Attorney General Dennis A. Kistler of the Attorney General’s Insurance Fraud Section in Pittsburgh.