Jury Finds Agent Guilty of Twice Misappropriating Client’s Insurance Funds
A Baltimore County jury has found Michael C. Okolo, of Parkville, Maryland, guilty of two counts of insurance fraud and one count of obstruction of justice.
According to Maryland Attorney General Anthony G. Brown Okolo was found to have twice misappropriated a
client’s funds that were intended for life insurance and annuity policy premiums. After the client gave Okolo two inc
omplete checks totaling $36,500, Okolo illegally made them payable to h
is own business, deposited them into his own business account, and used the money for personal and business expenses.
The jury also found Okolo guilty of obstructing justice. In May 202
5, after being charged with insurance fraud for the misappropriations, Oko
lo disclosed a letter purportedly written and signed by the client, intending that it be admitted in evidence at his upco
ming trial. The letter, however, was fabricated by Okolo – he wrote it and copied and pasted the client’s signature from another document.
Okolo is scheduled for sentencing in this matter on January 7, 2026.
Officials said that Okolo has also been charged in two other cases scheduled for trial in 2026. In one, Okolo is
charged with theft of $100,000 or more after allegedly spend
ing client funds intended for a “real estate investment” on unrelated personal and business expenses. In the other, Okolo is charged with numerous counts of
acting as an insurance agent without a license after allegedly soliciti
ng and selling insurance products after the Maryland Insurance Administration revoked his license.
Charges are merely accusations of wrongdoing, and Okolo is presumed innocent until the state proves guilt beyond a reasonable doubt.
Lawyers, including LatinoJustice’s Case, say they have been approached by other would-be plaintiffs for add
itional suits in other jurisdictions. In June, lawyers from the New York C
ivil Liberties Union joined LatinoJustice and other civil rights groups to file a case against neighboring Nassau County in response to its efforts to cooperate with ICE enforcement.
Both the sheriff’s office and police department in Nassau County h
ave 287(g) agreements on the books, but neither agency participate in jail enforcement model agreements. ICE has entered into roughly 1,200 total agreements across 40 states.
“Now other people are on notice that this is what happens if you engage in this conduct,” said Case.
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