A federal judge in Louisiana has sentenced a former claims adjuster to 46 months in prison for stealing nearly $300,000 from a workers’ compensation group in Lafayette.
The Advocate reports the U.S. Attorney’s Office charged 36-year-old Edward Paul Verdin, of Franklin, with mail fraud and money laundering in December 2009. He pleaded guilty to both counts in January.
Over a two-year period, prosecutors say Verdin diverted over $297,000 from the Louisiana Oilfield Contractor’s Association, where he worked as a claims adjuster, to Legal Risk Management Consultants, a fictitious private investigation firm that he created in July 2007.
U.S. District Judge Richard Haik also ordered Verdin to pay $285,395 in restitution upon release from prison.
Information from: The Advocate
Was this article valuable?
Here are more articles you may enjoy.
UPS, FedEx Scramble to Shore Up Networks Drained by Deadly Crash
‘Super Roofs’ Are Rewarding Insurers, Cat Bond Investors and Homeowners
Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes
Hong Kong Orders Citywide Scaffolding Nets Removal After Blaze