Carl D. Wright, Bank Fraud, Louisiana 2023

BATON ROUGE, LA – A Baton Rouge-area business owner, Carl D. Wright, 48, of Central, Louisiana, was sentenced yesterday by Senior U.S. District Judge James J. Brady to a term of imprisonment of 72 months, following his convictions for bank fraud and making false statements to financial institutions.

According to the U.S. Attorney's Office, Wright operated a company called Nevada Systems, Inc., which was in the business of renovating residential properties. From approximately August 2004 until November 2010, Wright fraudulently obtained millions of dollars from numerous Baton Rouge-area financial institutions. His scheme included providing the financial institutions with a false social security number, concealing his prior felony convictions, fraudulently underreporting his liabilities by $2 million, and other materially false and fraudulent misrepresentations.

As a result of his scheme, 12 financial institutions sustained losses totaling more than $2.8 million.

Wright will also be required to serve a three-year term of supervised release following his release from imprisonment. He was also ordered to pay restitution of $2,857,999, a special assessment of $500, and forfeit all property traceable to the proceeds of the scheme.

Acting U.S. Attorney Corey Amundson stated, “Major financial fraud, such as the scheme in this case, must be and will be aggressively pursued by our office, along with our federal, state, and local partners. These schemes cause tremendous losses to businesses in our community and make it harder for honest businesspeople to succeed.”

FBI Special Agent-in-Charge Jeffrey S. Sallet stated, “Motivated by greed, the defendant orchestrated a sophisticated scheme which left his victims holding the bag on $2.8 million in losses.”

This matter was investigated by the Federal Bureau of Investigation. It is being prosecuted by Assistant United States Attorneys J. Brady Casey and Peter Smyczek.

Source: https://www.justice.gov/usao-mdla/pr/company-owner-sentenced-lengthy-prison-sentence-federal-bank-fraud-scam