September 15, 2015

Morgan City Man Pleads Guilty to Stealing from Federally Funded Non-Profit

LAFAYETTE, LA—United States Attorney Stephanie A. Finley announced today that a Morgan City man pleaded guilty to stealing loan money from a federally funded nonprofit.

Timothy Daigle, 32, of Morgan City, La., pleaded guilty before U.S. District Judge Richard T. Haik to one count of fraud concerning program receiving federal funds. According to the guilty plea, while working as a loan officer and agent at the nonprofit Southern Mutual Help Association (SMHA) in New Iberia, La., Daigle stole more than $90,000. On four separate occasions from September 2013 until February 2014, Daigle, acting as an agent of SMHA, helped to fraudulently approve loans in the names of friends and associates in New Iberia and Morgan City.

Daigle faces up to 10 years in prison, three years of supervised release, a $250,000 fine and restitution. A sentencing date was not set.

The FBI investigated the case. Assistant U.S. Attorneys David C. Joseph and Kelly P. Uebinger are prosecuting the case.