Jump To Navigation

New charges surface ahead of Baton Rouge man's fraud sentencing

Whether a Louisiana defendant faces state or federal charges, it's up to prosecutors to prove beyond any reasonable doubt that a crime has been committed. Reams of evidence may be presented in a white collar crime case, but it's up to a jury to decide whether the proof is worthy of a conviction. Allegations are only claims until they have been proven or a defendant pleads guilty.

A 47-year-old Baton Rouge man was freed by a federal court ahead of a scheduled June sentencing on a wire fraud conviction. The businessman recently lost his freedom. Federal marshals said the defendant engaged in fraud in July, even while trying to negotiate a plea agreement on the initial charge.

The accused man pleaded guilty to bilking investors out of $1.4 million. The man reportedly lured investors into putting up money for Louisiana film tax credits the defendant didn't possess. New allegations said three more investors lost $325,000 by believing the investment was real.

The investors lost between $50,000 and $175,000 each, without ever receiving the promised tax credits. Investigators said, in one instance, the defendant may have used another businessman's identity to reassure a buyer that a pay-off was certain. The texts and emails sent to the investor did not come from the businessman.

In a separate matter last summer, the defendant agreed to a civil settlement of $850,000 concerning activities under a former employer. When the defendant failed to satisfy the settlement on time, a court ordered a damage award of $3 million. The full debt remains unpaid, as do others related to the man's work at a hospital.

For the moment, the defendant is set to be sentenced to a single count of wire fraud, which carries a maximum punishment of 20 years in prison. A criminal defense attorney is prepared to help clients cope with legal obstacles whenever they occur, even after a conviction.

Source: The Advocate, "Prosecutor alleges more investors enticed with tax credits" Bill Lodge, Apr. 22, 2014

No Comments

Leave a comment
Comment Information

Do You Have a Case?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Subscribe to This Blog's Feed

Contact Us

[an error occurred while processing this directive]