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Press Release

Fouad K. Zeton Charged with Wire Fraud Conspiracy for Role in Insurance Fraud and Bribery Scheme

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

NEW ORLEANS - The United States Attorney’s Office announced that FOUAD K. ZETON was indicted on December 8, 2022 for conspiracy to commit wire fraud.

The indictment alleges that ZETON falsely claimed to his home insurer that valuable paintings were stolen from his New Orleans home. It further  alleged that ZETON was aided in the scheme by a police officer with the New Orleans Police Department who agreed to document the purported theft in a police report in exchange for a share of the anticipated proceeds.

Conspiracy is punishable by up to five years imprisonment followed by up to three years supervised release, a fine of up to $250,000, and a mandatory $100 special assessment fee .

The United States Attorney’s Office reiterated that the indictment is merely a charge and that the defendant’s guilt must be proven beyond a reasonable doubt.

This case is being investigated by the Federal Bureau of Investigation. Assistant U.S. Attorney Chandra Menon is in charge of the prosecution.


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Updated December 9, 2022

Financial Fraud