A man who worked for the Louisiana Oilfield Contractors Association has pleaded guilty to charges he fraudulently billed his employer for nearly $300,000 in expenses and used some of the money to purchase a health club.
Thirty-six-year-old Edward Paul Verdin, of Franklin, faces up to 20 years in prison and a $250,000 fine following his guilty plea to mail fraud and money laundering charges.
Verdin was a claims adjuster for the association, a self-insured worker’s compensation group in Lafayette, and his duties included reviewing worker’s compensation cases for possible fraud.
Federal prosecutors said Verdin created a phony private investigation firm, used the company to bill his employer for fictitious investigative work and deposited the money into an account he opened.
Was this article valuable?
Here are more articles you may enjoy.