BALTIMORE, M.D. — A former Pikesville insurance agent and financial advisor faces new criminal charges after allegedly fabricating a document to support his defense in a pending insurance fraud case, Maryland Attorney General Anthony G. Brown announced.
Michael C. Okolo, 68, of Parkville, was charged in Baltimore County Circuit Court with obstruction of justice and fabricating physical evidence. Prosecutors say Okolo created a false “letter of instruction” in an attempt to justify his handling of $36,500 in client funds in 2016.
According to the Attorney General’s Office, the letter—dated February 20, 2016—appeared to authorize Okolo to deposit two checks into his business account while seeking an insurance policy and annuity on the client’s behalf. However, investigators allege the client neither wrote nor signed the letter. Instead, Okolo is accused of cutting and pasting the client’s signature from a separate, authentic letter written in April 2017…