Fouad K. Zeton Pleads Guilty to Federal Conspiracy for Role in Insurance Fraud and Bribery Scheme

NEW ORLEANS - The United States Attorney’s Office announced the guilty plea of FOUAD K. ZETON for conspiracy to commit wire fraud.

ZETON admitted that he falsely claimed to his home insurer that valuable paintings were stolen from his New Orleans home. ZETON also admitted that he was aided in the scheme by a New Orleans Police Department officer who agreed to document the purported theft in a police report in exchange for a share of the anticipated proceeds.

Conspiracy is punishable by up to five years imprisonment followed by up to three years of supervised release, a fine of up to $250,000, and a mandatory $100 special assessment fee. Sentencing is scheduled before Chief Judge Nannette Jolivette Brown on August 17, 2023.

This case is being investigated by the FBI. Assistant U.S. Attorney Chandra Menon of the Public Integrity Unit is in charge of the prosecution.