Larry Picou, Conspiracy to Commit Mail Fraud, Louisiana 2017

In a brazen scheme to swindle insurance companies, 57-year-old Larry Picou of Gibson, Louisiana, has been sentenced to five years’ probation for conspiracy to commit mail fraud. The crime, which occurred on May 11, 2017, involved Picou intentionally colliding with a tractor-trailer on Chef Menteur Highway and Downman Road in New Orleans.

According to court documents, Picou falsified a police report, lied under oath in depositions, and filed a fraudulent lawsuit claiming the tractor-trailer was at fault. His scheme caused the insurance company to pay out over $140,000 in settlement funds.

The investigation, led by the Federal Bureau of Investigation, Louisiana State Police, and the Metropolitan Crime Commission, uncovered a web of deceit and corruption that went all the way to the top. Assistant U.S. Attorneys Maria M. Carboni, Edward Rivera, and Brandon S. Long, along with Chief of the Financial Crimes Unit Brian M. Klebba, worked tirelessly to bring Picou to justice.

As part of his sentence, Picou was ordered to pay restitution in the amount of $200,963.59 and a mandatory special assessment fee of $100.00. U.S. District Court Judge Jane Triche Milazzo handed down the sentence, bringing an end to a case that spanned years and multiple jurisdictions.

The case serves as a stark reminder of the devastating consequences of white-collar crime. Picou’s actions not only damaged the reputation of the insurance company but also put innocent lives at risk. His sentence sends a clear message: those who engage in such schemes will be held accountable.

Larry Picou’s sentencing marks a significant victory for law enforcement and a testament to the tireless efforts of those who worked to bring him to justice. As the investigation continues, it remains to be seen whether other individuals will be held accountable for their roles in this scheme.

In the meantime, the people of New Orleans can rest easier knowing that one convicted felon will be held accountable for his crimes. The Grimy Times will continue to follow this story and provide updates as more information becomes available.

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