Maryland Woman Accused of Embezzling Contractor and Insurance Funds

A Maryland woman has been indicted on two felony theft charges for allegedly misappropriating funds from a general contractor and the state’s backup auto insurance provider.

Attorney General Anthony G. Brown announced that an Anne Arundel County grand jury has formally charged Carolyn Rae Aldridge of Crofton, Maryland, with the alleged thefts.

The initial indictment alleges that between August 2017 and January 2021, Aldridge unlawfully stole 96 checks from a home improvement and general contracting company, resulting in a total loss of $173,004.43. Serving as the company’s office manager, she exploited her position to fraudulently deposit the checks into her personal bank account without authorization, prosecutors say.

The second indictment alleges that between January 2020 and February 2021, Aldridge stole 13 checks totaling $12,291.85 from the Maryland Automobile Insurance Fund (MAIF). Prosecutors claim she committed the thefts while employed as a part-time contractual associate in MAIF’s fiscal department, depositing all the checks into her personal bank account without authorization.

An indictment is simply a formal accusation, and Aldridge is presumed innocent until proven guilty beyond a reasonable doubt by the state.

“Stealing from an employer—whether a private business or a state-created entity like MAIF—is not just theft, it’s a betrayal of trust that harms coworkers, undermines public confidence, and erodes the integrity of institutions that serve Marylanders,” said Brown.

The investigation was conducted by the Brown administration’s criminal division, with assistance from the Maryland Insurance Administration.