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Justice News

Department of Justice
U.S. Attorney’s Office
Eastern District of Louisiana

FOR IMMEDIATE RELEASE
Tuesday, May 7, 2019

New Orleans Man Sentenced For Making False Statements to a Financial Institution

NEW ORLEANS U.S. Attorney Peter G. Strasser announced that PATRICK HEALEY, age 34, of New Orleans, and a former employee of an undisclosed entity, ABC Homes, LLC, located in St. Bernard Parish, was sentenced May 1, 2019 for his role in making false statements to a financial institution.

According to court documents, beginning in or around October 24, 2008 and continuing to on or about May 31, 2009, HEALEY, along with co-defendants JARED CASTELLAW and VALERIE SCHONES made false statements to the Federal Housing Administration (“FHA”) in order to assist low-income borrowers in qualifying for FHA insured loans for which they would not otherwise have qualified. In total, due to the acts of the defendants, the FHA suffered a loss in excess of $852,415.

HEALEY was sentenced to time served, supervised release of 5 years, a special assessment of $100, and ordered to pay restitution in the amount of $852,415.

U.S. Attorney Strasser praised the work of the Department of Housing and Urban Development, Office of Inspector General and the Federal Bureau of Investigation. The case is being prosecuted by Assistant U.S. Attorneys Sharan E. Lieberman and Edward J. Rivera.

 

 

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Topic(s): 
Financial Fraud
Mortgage Fraud
Updated May 7, 2019