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BUSINESS
February 16, 1996
Former insurance executive Hamilton A. Schmidt was sentenced yesterday to three years in prison and five years on probation for the theft and fraudulent misappropriation of funds from Charter Group Inc., the defunct Towson insurance agency he had helped build into what was once one of Maryland's largest.Schmidt, 41, was ordered to pay more than $231,000 in restitution to Charter, the company's stock option plan and the O'Conor Piper & Flynn health insurance group. About 100 workers lost their retirement savings after Schmidt vanished Sept.
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NEWS
By Liz F. Kay and Liz F. Kay,SUN STAFF | May 18, 2005
With little time to spare, Anne Arundel County school officials and leaders of two proposed charter schools have nearly finished agreements that would allow them to open this fall. School board members will consider the 34-page document at its meeting tonight. "The way it stands right now, it looks like we could work with that contract," said Vural "Al" Aksakalli, project manager of the proposed Chesapeake Science Point Public Charter School, which hopes to offer math, science and technology education in Glen Burnie to middle and high school students.
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BUSINESS
By Gary Cohn and Gary Cohn,Staff Writer | October 26, 1993
A Towson insurance agency has filed for Chapter 11 bankruptcy protection and charged its former chief executive, who disappeared mysteriously last month, with owing the company nearly $1 million.The bankruptcy protection filing by Charter Group Inc. and three subsidiaries comes five weeks after the then-CEO, Hamilton Schmidt, 38, was reported missing amid allegations that $1.1 million was missing from the company.In its filing in U.S. Bankruptcy Court in Baltimore, Charter Group and the subsidiaries list total liabilities of $4.6 million.
NEWS
By Liz F. Kay and Liz F. Kay,SUN STAFF | March 4, 2005
Representatives of a nationally recognized charter school group plan a swift appeal of the Anne Arundel County school board's rejection of their bid to serve struggling middle-schoolers in Annapolis. "We would like to move forward as quickly as possible," said Lizz Pawlson, a member of the founding board for the KIPP Harbor Academy. KIPP, or Knowledge Is Power Program, operates 38 schools targeting low-performing students around the country. School board members voted 5-3 against KIPP's proposal to open a school in Annapolis that would seek to address the achievement gap between black and white students on state tests.
BUSINESS
By Patricia Meisol and Patricia Meisol,Staff Writer | October 16, 1993
Baltimore County police have issued an arrest warrant for a Towson insurance executive who disappeared amid allegations that up to $1.1 million is missing from the company.The warrant, issued Oct. 8., charged Hamilton Schmidt, the former chief executive of Charter Group Inc., with grand theft of the company's automobile.Mr. Schmidt, 38, was last seen Sept. 14 driving a medium-blue 1992 Cadillac Seville, a company car with Maryland plates ZTH-451.The next day, he sent a letter to his sister, Susan Schmidt, telling her that he had to get away for a while, police said yesterday.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,SUN STAFF | December 14, 1995
Hamilton A. Schmidt sat quietly in Baltimore County Circuit Court yesterday, recalling a day over 20 years ago when he waited for hours in another courtroom, defended himself over a traffic ticket and won."It was the principle," he said.Moments after that reverie, Schmidt, 41, pleaded guilty to the fraudulent misappropriation of $702,393.32 and the theft of $215,000 from Charter Group Inc., the company he helped build into one of Maryland's largest independent insurance agencies -- and the company he ultimately destroyed.
BUSINESS
By Patricia Meisol and David Conn and Patricia Meisol and David Conn,Staff Writers | October 15, 1993
The chief executive officer of a Towson insurance agency, Charter Group Inc., has disappeared amid allegations that up to $1.1 million is missing from the company.The CEO, Hamilton Schmidt, 38, a part owner of the company, was last seen by his sister about a month ago when he left his house to drive to work. The car has not been recovered, and since then, the company's assets have been purchased by another insurance agency.The new owner, Benedict Rosenberg, president of Insurance Inc. of Timonium, said yesterday he is negotiating to make good on premiums paid by at least one Charter customer that were never forwarded to the insurance company providing coverage.
NEWS
By Mary Gail Hare and Mary Gail Hare,SUN STAFF | March 27, 1997
It took six months and about 500 volunteer hours, but Carroll County Citizens for Charter Government collected 4,855 signatures and delivered them yesterday to the County Commissioners.The commissioners have 30 days to appoint a charter-writing board. The commissioners could have legally appointed the board yesterday,but they chose to forward the signatures to the county Board of Elections for verification."These names were collected in shopping malls, and I want to know for certain they are all Carroll County people," Commissioner Donald I. Dell said.
BUSINESS
October 1, 1990
New positionsLife Technologies Inc., a Gaithersburg-based manufacturer and supplier of life science products and materials, appointed Timothy E. Pierce vice president and general manager, Asia-Pacific Division; Brian Graves vice president, Industrial Bioproducts Division; Rosemary J. Versteegan, vice president and general manager, new businesses; and Henry S. Swoope, vice president of sales and marketing, U.S. Research Products Division.Loyola College in Baltimore named Alice Steinbach of The Sun and Christopher Corbett visiting journalists.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | October 25, 1994
A Baltimore County grand jury yesterday indicted the former chief executive of Charter Group Inc. of Towson, who disappeared last year after allegedly stealing or diverting nearly $1 million of company and policyholder money.Hamilton A. Schmidt, 39, who was last seen by an auto dealership worker who dropped him off at Penn Station on Sept. 14, 1993, was charged with two counts of theft and 15 counts of embezzlement.Among the alleged victims: 13 insurance companies that did not receive $622,000 in premiums customers paid Charter for health insurance premiums between July and September last year; a group of more than 30 savings and loan associations that paid $115,000 for Charter to pass along to Blue Cross and Blue Shield of Maryland to administer health care plans; the company itself, from which Mr. Schmidt is charged with taking $105,000 in unauthorized pay; and Charter's employee stock ownership plan, from which Mr. Schmidt allegedly stole $110,000 in the form of a "loan" that he repaid with company stock he did not own.Authorities still don't know where Mr. Schmidt is."
NEWS
By James M. Coram and James M. Coram,SUN STAFF | August 21, 1998
Carroll's charter government initiative appears to have been as unattractive to people's wallets as it was to voters in the May 1 election.According to reports filed with the election board Tuesday, Carroll County Citizens for Charter Government, which favored a switch to a county executive and council, raised $2,469, including a $500 gift from the North Carroll Democratic club.The anti-charter group, Citizens Against Big Charter Government, raised nearly twice as much -- $4,733. But more than half of that amount came from two contributors.
NEWS
By Mary Gail Hare and Mary Gail Hare,SUN STAFF | March 27, 1997
It took six months and about 500 volunteer hours, but Carroll County Citizens for Charter Government collected 4,855 signatures and delivered them yesterday to the County Commissioners.The commissioners have 30 days to appoint a charter-writing board. The commissioners could have legally appointed the board yesterday,but they chose to forward the signatures to the county Board of Elections for verification."These names were collected in shopping malls, and I want to know for certain they are all Carroll County people," Commissioner Donald I. Dell said.
BUSINESS
February 16, 1996
Former insurance executive Hamilton A. Schmidt was sentenced yesterday to three years in prison and five years on probation for the theft and fraudulent misappropriation of funds from Charter Group Inc., the defunct Towson insurance agency he had helped build into what was once one of Maryland's largest.Schmidt, 41, was ordered to pay more than $231,000 in restitution to Charter, the company's stock option plan and the O'Conor Piper & Flynn health insurance group. About 100 workers lost their retirement savings after Schmidt vanished Sept.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,SUN STAFF | December 14, 1995
Hamilton A. Schmidt sat quietly in Baltimore County Circuit Court yesterday, recalling a day over 20 years ago when he waited for hours in another courtroom, defended himself over a traffic ticket and won."It was the principle," he said.Moments after that reverie, Schmidt, 41, pleaded guilty to the fraudulent misappropriation of $702,393.32 and the theft of $215,000 from Charter Group Inc., the company he helped build into one of Maryland's largest independent insurance agencies -- and the company he ultimately destroyed.
BUSINESS
By Timothy J. Mullaney and Timothy J. Mullaney,Sun Staff Writer | October 25, 1994
A Baltimore County grand jury yesterday indicted the former chief executive of Charter Group Inc. of Towson, who disappeared last year after allegedly stealing or diverting nearly $1 million of company and policyholder money.Hamilton A. Schmidt, 39, who was last seen by an auto dealership worker who dropped him off at Penn Station on Sept. 14, 1993, was charged with two counts of theft and 15 counts of embezzlement.Among the alleged victims: 13 insurance companies that did not receive $622,000 in premiums customers paid Charter for health insurance premiums between July and September last year; a group of more than 30 savings and loan associations that paid $115,000 for Charter to pass along to Blue Cross and Blue Shield of Maryland to administer health care plans; the company itself, from which Mr. Schmidt is charged with taking $105,000 in unauthorized pay; and Charter's employee stock ownership plan, from which Mr. Schmidt allegedly stole $110,000 in the form of a "loan" that he repaid with company stock he did not own.Authorities still don't know where Mr. Schmidt is."
BUSINESS
By Gary Cohn and Gary Cohn,Staff Writer | October 31, 1993
On the day he decided to drop off the face of the Earth, Hamilton Schmidt was tormented -- by both the embarrassment the impending collapse of his company would bring and the feeling that he had been betrayed.His nightmare had intensified with each day for months, though there was no public display of the pressure he was under.But two letters he sent on the very day he vanished -- Tuesday, Sept. 14 -- reveal a man who no longer could maintain his walk on the tightwire."I feel my mental and physical health is in jeopardy," Mr. Schmidt wrote in a one-page letter to his company, the Charter Group Inc. "I have lost my desire and drive to lead.
BUSINESS
By Gary Cohn and Gary Cohn,Staff Writer | October 31, 1993
On the day he decided to drop off the face of the Earth, Hamilton Schmidt was tormented -- by both the embarrassment the impending collapse of his company would bring and the feeling that he had been betrayed.His nightmare had intensified with each day for months, though there was no public display of the pressure he was under.But two letters he sent on the very day he vanished -- Tuesday, Sept. 14 -- reveal a man who no longer could maintain his walk on the tightwire."I feel my mental and physical health is in jeopardy," Mr. Schmidt wrote in a one-page letter to his company, the Charter Group Inc. "I have lost my desire and drive to lead.
BUSINESS
October 15, 1990
Education:Sharon L. Harsher, who has a doctorate in business education, is named associate dean of career education and continuing studies at Dundalk Community College.She was previously associate professor and chairperson of the college's Business and Management Division, a position she held since 1987. She joined the college in 1983 as program director of the Business Office Careers Department. She also served as the college's director of cooperative education.At the Liberty Jewish Center, Reva Tokayer is named educational director of the religious school programs.
BUSINESS
By Gary Cohn and Gary Cohn,Staff Writer | October 26, 1993
A Towson insurance agency has filed for Chapter 11 bankruptcy protection and charged its former chief executive, who disappeared mysteriously last month, with owing the company nearly $1 million.The bankruptcy protection filing by Charter Group Inc. and three subsidiaries comes five weeks after the then-CEO, Hamilton Schmidt, 38, was reported missing amid allegations that $1.1 million was missing from the company.In its filing in U.S. Bankruptcy Court in Baltimore, Charter Group and the subsidiaries list total liabilities of $4.6 million.
BUSINESS
By Patricia Meisol and Patricia Meisol,Staff Writer | October 16, 1993
Baltimore County police have issued an arrest warrant for a Towson insurance executive who disappeared amid allegations that up to $1.1 million is missing from the company.The warrant, issued Oct. 8., charged Hamilton Schmidt, the former chief executive of Charter Group Inc., with grand theft of the company's automobile.Mr. Schmidt, 38, was last seen Sept. 14 driving a medium-blue 1992 Cadillac Seville, a company car with Maryland plates ZTH-451.The next day, he sent a letter to his sister, Susan Schmidt, telling her that he had to get away for a while, police said yesterday.
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