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Press Release

Covington Man Pleads Guilty to Conspiracy to Commit Bank Fraud

For Immediate Release
U.S. Attorney's Office, Eastern District of Louisiana

U.S. Attorney Kenneth A. Polite announced that ROY JOSEPH BUSIERE, age 67, of Covington, pled guilty today to conspiracy to commit bank fraud.

According to court documents, BUSIERE, who worked as a comptroller for A & H Armature Works, Inc., embezzled from the company’s bank account at First American Bank. BUSIERE conspired with another to steal from A & H Armature Works, Inc. by using PayPal and American Express accounts to transfer the funds.

BUSIERE faces a maximum term of imprisonment of five years, a fine of $250,000 and three years of supervised release following any term of imprisonment.  U.S. District Judge Kurt D. Engelhardt set sentencing  for September 16, 2015.

U.S. Attorney Polite praised the work of the United States Secret Service, New Orleans Field Division in investigating this matter.  Assistant United States Attorney Loan AMimi@ Nguyen is in charge of the prosecution.

Roy Joseph Busiere Factual Basis (348.39 KB)

Updated September 2, 2015