Dr. David G. Millaud Pleads Guilty To Defrauding The Small Business Administration
DR. DAVID G. MILLAUD, age 52, a resident of New Orleans, Louisiana pleaded guilty today before U.S. District Court Judge Eldon E. Fallon to a one-count Superseding Bill of Information for theft of government funds in connection a disaster loan that he received from the Small Business Administration, announced U.S. Attorney Dana Boente.
According to the Bill of Information, MILLAUD submitted false invoices to the Small Business Administration in order to support his request for a loan disbursement. As a result of the false invoices, MILLAUD received a loan disbursement totaling $56,449.91in government funds to which he was not entitled.
MILLAUD faces a maximum term of five (5) years imprisonment, a fine of $250,000 and three (3) years of supervised release following any term of imprisonment.
The case was investigated by the U. S. Department of Housing and Urban Development, Office of the Inspector General, Small Business Administration, Office of Inspector General, and the Federal Bureau of Investigation. The case was prosecuted by Assistant U. S. Attorney Spiro G. Latsis.