Dr. David G. Millaud Sentenced For Defrauding The Small Business Administration

DR. DAVID G. MILLAUD, age 52, a resident of New Orleans, Louisiana, was sentenced today by U.S. District Court Judge Eldon E. Fallon to three years probation, after previously pleading guilty to theft of government funds in connection with a disaster loan that he received from the Small Business Administration, announced U.S. Attorney Dana J. Boente.  MILLAUD was further ordered to pay restitution in the amount $56,449.91 to the Small Business Administration.  

According to court documents, 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.

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.