Former DA Walter Reed Convicted on 18 Counts

A federal jury has convicted former District Attorney for the 22nd Judicial District, Walter P. Reed, age 69, of Covington, on 18 counts of corruption, including conspiracy to commit wire fraud and money laundering.

The jury found Walter P. Reed guilty on 18 of 19 counts, including:

Conspiracy to commit wire fraud and money laundering (Count 1), with a maximum penalty of 5 years imprisonment; seven counts of wire fraud (Counts 2-8), with a maximum penalty of 20 years imprisonment per count; one count of money laundering (Count 9), with a maximum penalty of 20 years imprisonment; four counts of false statement on income tax return (Counts 11-14), with a maximum penalty of 3 years imprisonment per count; and five counts of mail fraud (Counts 15-19), with a maximum penalty of 20 years imprisonment per count.

In a separate verdict, Steven P. Reed, age 44, the son of Walter P. Reed, was found guilty on 3 of 4 counts, including conspiracy to commit wire fraud and money laundering, wire fraud, and money laundering.

Evidence presented at trial showed that Walter P. Reed and Steven P. Reed devised a scheme to defraud the Walter Reed Campaign and contributors by using donations to pay for goods and services unrelated to the campaign or to the holding of public office.

The investigation revealed that Walter P. Reed caused a series of payments to be made from the Campaign Fund to his son’s companies in order to pay down a loan on which he was a cosigner for services that were not provided or whose value was substantially less than the amount paid.

The total amount spent by Walter P. Reed from the Walter Reed Campaign Fund bank account on personal expenses was over $120,000, including to recruit potential clients for his private legal practice, to pay off various expenses incurred by his son, and to pay for private and personal dinners.

U.S. Attorney Kenneth A. Polite announced the verdict, stating that the conviction sends a strong message that public corruption will not be tolerated.

Walter P. Reed and Steven P. Reed are scheduled to be sentenced at a later date.

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