David Delaney, Conspiracy to Commit Bank Fraud, Louisiana 2015

Gretna Man Pleads Guilty to Conspiracy to Commit Bank Fraud

In a shocking turn of events, David Delaney, a 57-year-old resident of Gretna, Louisiana, has pleaded guilty to conspiracy to commit bank fraud. The charges against Delaney stem from a lengthy investigation by the United States Secret Service, New Orleans Field Division.

According to court documents, Delaney, who worked as a technician for A & H Armature Works, Inc., embezzled from the company’s bank account at First American Bank. Delaney conspired with another to steal from A & H Armature Works, Inc. by using PayPal and American Express accounts to transfer the funds.

The investigation, which was praised by U.S. Attorney Kenneth A. Polite, uncovered a complex web of deceit and corruption that spanned several months. Delaney’s actions were a clear violation of the trust placed in him by his employer and the financial institution that held the company’s account.

Delaney faces a maximum term of imprisonment of five years, a fine of $250,000 and three years of supervised release following any term of imprisonment. U.S. District Judge Helen G. Berrigan has set sentencing for June 17, 2015.

The case against Delaney serves as a stark reminder of the importance of vigilance in the financial sector. It is clear that the actions of individuals like Delaney can have devastating consequences for businesses and individuals alike.

Assistant United States Attorney Loan “Mimi” Nguyen is in charge of the prosecution, which has been ongoing since the investigation began. The case is a testament to the dedication and hard work of the United States Secret Service and the U.S. Attorney’s Office.

David Delaney, a 57-year-old man from Gretna, Louisiana, has pleaded guilty to conspiracy to commit bank fraud. He faces a maximum term of imprisonment of five years, a fine of $250,000 and three years of supervised release. Sentencing is set for June 17, 2015.

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