U.S. Attorney's Office
Middle District of Louisiana
(225) 389-0443
December 15, 2015

Tax Preparer Convicted of Bank Fraud Scheme Worth $3 Million

BATON ROUGE, LA—United States Attorney Walt Green announced that SHEDRICK MAYWEATHER, age 68, of Baton Rouge, Louisiana, pled guilty before U.S. District Judge John W. deGravelles to conspiracy to commit bank fraud. While employed as a tax preparer, MAYWEATHER admitted to accepting money in exchange for preparing numerous fraudulent documents using figures provided to him by another person.

From approximately 2004 until 2011, Mayweather created fraudulent W-2 wage and tax statements, balance sheets, profit and loss statements, and personal and business tax returns. These documents reflected inflated income and net worth figures. These fraudulent documents were submitted to several financial institutions in the Baton Rouge area to obtain loans and lines of credit worth a cumulative amount of approximately $3,000,000. Some of these loans were defaulted on and, consequently, some of these financial institutions charged off these loans and experienced losses.

This ongoing investigation is being conducted by the Federal Bureau of Investigation. This matter is being prosecuted by Assistant United States Attorney John B. Casey.

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