Louisiana Man Pleads Guilty in Katrina Fraud Case
A New Orleans man has pleaded guilty to a charge he fraudulently received a federal disaster loan to repair damage to his home after Hurricane Katrina struck in 2005.
Forty-eight-year-old Ronald Stimage faces a maximum sentence of 10 years in prison and a $250,000 fine following his guilty plea Friday to one count of theft of government funds.
His sentencing by U.S. District Judge Jay Zainey is set for Jan. 10.
Federal prosecutors say Stimage faxed false invoices to the Small Business Administration after it approved his loan of nearly $32,000. Prosecutors say the SBA repaid Stimage for money he falsely claimed to have spent on repairs.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Popular Today
- Survey: Majority of P/C Insurance Decision makers Say Industry Will Be Powered by AI in Future
- Fake Bear Attacks on Car for Fraudulent Insurance Claims Lead to Arrests
- US High Court Declines Appeal, Upholds Coverage Ruling on Treated Wood
- T-Mobile’s Network Breached as Part of Chinese Hacking Operation
Popular This Month