A brazen case of embezzlement has rocked the small town of Morgan City, Louisiana, as Timothy Daigle, 32, pleaded guilty to stealing over $90,000 from a federally funded nonprofit.
According to court documents, Daigle, a loan officer at the Southern Mutual Help Association (SMHA) in New Iberia, Louisiana, used his position to fraudulently approve loans in the names of friends and associates. Over four separate occasions from September 2013 until February 2014, Daigle embezzled a staggering $90,000.
The scheme, which spanned several months, left the nonprofit reeling. SMHA, a federally funded organization, relies on the trust of the community to function effectively. Daigle’s actions have undoubtedly damaged that trust.
As a result of his guilty plea, Daigle faces up to 10 years in prison, three years of supervised release, a $250,000 fine, and restitution. A sentencing date has not been set.
The FBI investigated the case, bringing the perpetrator to justice. Assistant U.S. Attorneys David C. Joseph and Kelly P. Uebinger are prosecuting the case.
The people of Morgan City and beyond are left wondering how someone in a position of trust could engage in such egregious behavior. As the community begins to heal, one thing is certain: Timothy Daigle will face the consequences of his actions.
In a statement, the U.S. Attorney’s office emphasized the severity of the crime and the importance of holding perpetrators accountable. This case serves as a stark reminder of the importance of transparency and accountability in our communities.
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Key Facts
- State: Louisiana
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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