Canfield man faces theft, forgery charges
A city man faces charges for stealing from his sister’s life insurance policy and forging her signature, according to police.
Daryl Devine, 34, of Brookpark Drive was arraigned on charges of theft and forgery earlier this week in Mahoning County Area Court here. He will have a preliminary hearing at 9 a.m. Nov. 8.
According to a police report, Devine is accused of cashing out his sister’s entire life-insurance policy in 2011. The sister, who lives in Maryland, noticed the policy was cashed out after she tried to add her new husband on as a beneficiary. The insurance company, OM Financial Life, informed her the policy had been closed Jan. 27, 2011.
The company also told her a letter was received from her requesting a change of address and cash from the account, according to police.
The company issued three checks. One on Jan. 11 payable to Devine for $5,000; one Jan. 28 for $4,940.12 payable to the sister, but the check was endorsed as payable to Devine with a fraudulent signature of his sister’s; and another check was issued for $2,000.
The sister advised police she never gave her brother permission to access her account.
Since August, Canfield police have been investigating the incident and working with a financial-crimes officer.
In an interview with Devine on Aug. 20, police said he admitted changing his sister’s life-insurance policy to his name and cashing out the policy. He also admitted forging his sister’s signature.
He told police he took the money because he was moving out of state. Devine also told police he has a job at a West Virginia casino and works as a supervisor over a money vault. He was concerned he would lose his job if he was criminally charged.
Devine, with advice from his attorney, surrendered to police after arrest warrants were issued for him Monday.