![]() Testimony at trial revealed that by 2010, Adcor’s business experienced a down turn due to the loss of a contract with Colt Industries. The building housed Adcor Industries, Inc., a manufacturing shop owned by Stavrakis since 1991, as well as Adcor Beverage, LLC and other LLC’s owned and created by Stavrakis. Haven Street in Baltimore, in order to collect insurance proceeds on the property. Criminals who commit fraud destroying property by fire, jeopardizing their community and first responders, then spend the stolen money on luxury cars, watches, and jewelry, must be held accountableĪccording to evidence presented at his 7-week trial, beginning in July 2015, Stavrakis made a plan to set fire to commercial property he owned at 234 S. Hur stated, “The evidence proved that ‘Jimmy’ Stavrakis conspired to burn down his business in order to defraud his insurance company of millions of dollars in insurance proceeds. Hur Special Agent in Charge Rob Cekada of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) Baltimore Field Division Maryland State Fire Marshal Brian Geraci and Commissioner Michael Harrison of the Baltimore Police Department. The guilty verdict was announced by United States Attorney for the District of Maryland Robert K. The verdict was returned late on October 28, 2019. Baltimore, Maryland – A federal jury convicted Demetrios Stavrakis, a/k/a Jimmy, age 53, of Lutherville-Timonium, Maryland, for an arson conspiracy to damage his business by setting it on fire in order to obtain insurance proceeds. ![]()
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