Gretna Man Pleads Guilty to Conspiracy to Commit Bank Fraud
U.S. Attorney Kenneth A. Polite announced that DAVID DELANEY, age 57, of Gretna, pled guilty today to conspiracy to commit bank fraud.
According to court documents, DELANEY, who worked as a technician for A & H Armature Works, Inc., embezzled from the company’s bank account at First American Bank. DELANEY conspired with another to steal from A & H Armature Works, Inc. by using PayPal and American Express accounts to transfer the funds.
DELANEY 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 Helen G. Berrigan set sentencing for June 17, 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 "Mimi" Nguyen is in charge of the prosecution.