BATON ROUGE MAN CONVICTED OF BANK FRAUD
BATON ROUGE, LA – United States Attorney Donald J. Cazayoux, Jr. announced today that a federal jury convicted TIMOTHY M. STRAIN, 47, of Baton Rouge, Louisiana, on two counts of bank fraud and forfeiture.
The indictment, filed March 17, 2010, charged STRAIN with using fraudulent money orders to pay the balance due on two vehicle loans.
Chief Judge Ralph E. Tyson presided over the two day jury trial. Assistant United States Attorneys Corey R. Amundson and Richard L. Bourgeois, Jr. prosecuted the case on behalf of the United States.
STRAIN faces a term of imprisonment of not more than thirty years and a maximum fine of $1,000,000, or both, per count. Judge Tyson will sentence the defendant following the completion of a pre-sentence investigation.
U.S. Attorney Cazayoux stated, “We believe the jurors rendered a fair and just verdict in this case. The U.S. Attorney’s Office is committed to protecting the integrity of our financial institutions during our economic recovery. Fraudulent conduct regarding our banking system affects everyone.”
The case was investigated by the Treasury Inspector General for Tax Administration (TIGTA) and the Federal Bureau of Investigation.
If you have knowledge of fraud, waste, abuse, or allegations of mismanagement involving disaster relief operations, contact the National Center for Disaster Fraud toll free at: (866) 720-5721 or e-mail at: firstname.lastname@example.org