La. Man Arrested for Fraudulent Insurance Investigation Firm

Lafayette detectives have arrested a 38-year-old Franklin man on 90 counts of money laundering.

Cpl. Paul Mouton said on Wednesday that Paul Verdon is accused of creating a fictitious insurance investigation company and billing for services that were never performed.

Mouton says Verdon works as an insurance adjuster at a local insurance company.

Detectives believe Verdon allegedly billed for more than $300,000 since 2007.