State offices and all DLLR physical locations will be closed to the public November 26 through November 28, 2014. However, Unemployment Insurance telephone and Web operations WILL be available on Wednesday, November 26.

Office of the Commissioner of Financial Regulation

 

Ellicott City Man Charged in Mortgage Scheme

 

December 2009 - In a case initially uncovered by DLLR's Division of Financial Regulation, David Young Park, 43, former President of Capital City Financial Group, Ellicott City, Maryland was charged with theft in Baltimore County Circuit Court. In June of 2007, Park was allegedly working as a mortgage broker and assisted the victim with the refinance of her home. The victim intended to use the more than $100,000 in equity to purchase a commercial condo for her business. Following settlement, Park allegedly obtained the victim's proceeds from the title company without the victim's knowledge, deposited them into his escrow account and spent the money on various personal and business expenses over the course of two weeks.

Felony theft is punishable in Maryland by a maximum sentence of 15 years incarceration and a $25,000 fine. The case was initially investigated and referred to the Attorney General by the Division of Financial Regulation, and the final investigation was conducted by the Attorney General's Criminal Division and the Maryland State Police. See Press Release on the Baltimore FBI Office website.