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Defendant Indicted for $3M Embezzlement in Morgan City, Louisiana
LAFAYETTE, La. – A shocking scheme has come to light as Karen Duhon, 64, of Morgan City, Louisiana, has been indicted for conspiracy, wire and mail fraud. The charges stem from a five-year investigation into Duhon’s activities as the bookkeeper at Capital Management Consultants, Inc. (CMCI), a family-owned company in Morgan City.
According to officials, Duhon is accused of stealing more than $3 million from CMCI between January 1999 and March 2014. The indictment alleges that Duhon wrote fraudulent checks to herself, totaling $3,194,920, which were drawn from CMCI’s bank account and deposited into her and her husband’s bank accounts. To cover her tracks, Duhon made false accounting entries into CMCI’s records.
But that’s not all – Duhon’s scheme went beyond her own bank accounts. She allegedly assisted certain family members with their personal finances by using funds from a family member’s personal brokerage account at Oppenheimer and Co. to pay off her American Express accounts.
U.S. Attorney David C. Joseph announced the indictment, which was the result of a thorough investigation by the FBI. Assistant U.S. Attorney Thomas F. Phillips is prosecuting the case.
If convicted, Duhon faces up to 20 years in prison, three years of supervised release, restitution, forfeiture, and a $250,000 fine.
The charges against Duhon are merely accusations, and she is presumed innocent until proven guilty beyond a reasonable doubt. The case serves as a stark reminder of the devastating consequences of white-collar crime and the importance of holding individuals accountable for their actions.
Key Facts
- State: Louisiana
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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