Former District Attorney Walter P. Reed and his son, Steven P. Reed, Sentenced
Acting U.S. Attorney Duane A. Evans announced that former St. Tammany Parish District Attorney WALTER P. REED, age 70, and his son STEVEN P. REED, age 45, both of Covington, were sentenced today after being convicted by a federal jury in May of 2016.
U.S. District Judge Eldon E. Fallon sentenced WALTER P. REED to 48 months incarceration to be followed by 2 years of supervised release. WALTER P. REED was also ordered to pay $572,000 in restitution, $40,000 to the Internal Revenue Service, and a $15,000 fine. Additionally, per a prior ruling, WALTER P. REED was ordered to pay $609,217.08 in forfeiture. Furthermore, Judge Fallon ordered WALTER P. REED and STEVEN P. REED jointly and severally responsible for $46,200 in forfeiture.
STEVEN P. REED was sentenced by U.S Judge Fallon to 5 years probation and ordered to perform 50 hours of community service.
WALTER P. REED was convicted of one count conspiracy to commit wire fraud and money laundering; seven counts of wire fraud; one count of money laundering; four counts of false statement on income tax return; and, five counts of mail fraud.
STEVEN P. REED was convicted of one count of conspiracy to commit wire fraud, and money laundering; one count of wire fraud; and, one count of money laundering,
“Walter and Steven Reed broke the law and have now been punished for their crimes,” stated Acting U.S. Attorney Duane A. Evans. “We want to assure the public that with the continued assistance from our federal, state, and local law enforcement partners, this Office will identify and prosecute any individual who commits an act of public corruption.”
"I would like to thank the men and women of the FBI, the IRS, and the U.S. Attorney's Office for their hard work on this very important matter," stated FBI New Orleans Special Agent in Charge Jeffrey Sallet.
“Today, Walter and Stephen Reed were held accountable for their actions. It is a severe abuse of the public trust when elected officials misuse campaign funds for personal purposes, and abuse their positions for personal gain. IRS – Criminal Investigation is extremely proud of the work we do in cases such as these, and we stand ready to pursue further investigation and criminal actions against individuals engaged in all forms of public corruption,” stated Criminal Investigation Special Agent in Charge Jerome R. McDuffie.
Acting U.S. Attorney Evans praised the work of the Federal Bureau of Investigation and the Internal Revenue Service – Criminal Investigation for investigating this matter and thanked the Metropolitan Crime Commission for its assistance. The prosecution of this case was handled by Assistant United States Attorneys Jordan Ginsberg, Brian M. Klebba, Maria Carboni, and Jeff Sandman.