Two Plead Guilty to Federal Wire Fraud Connected to Scheme to Defraud The Department of Veteran Affairs
NEW ORLEANS – JOSHUA BORGES (“BORGES”), age 37, of New Orleans, Louisiana, was indicted by a federal grand on April 28, 2023 for Concealment of Assets, in violation of Title 18, United States Code, Section 152(1), announced United States Attorney Duane A. Evans.
According to the indictment, on or about April 17, 2018, in the Eastern District of Louisiana, BORGES knowingly and fraudulently failed to disclose property that belonged to him in Bankruptcy Case No. 18-10985, titled In re Joshua Borges, specifically, $9,000.00 in cash on hand, and his business interest in Elite Enterprise Holding, LLC, which had a value of at least approximately $89,771.08, to the trustee charged with control of the debtor’s property as well as to the creditors and the United States Trustee.
United States Attorney Evans reiterated that an indictment is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt.
If convicted, BORGES faces a maximum penalty of five (5) years imprisonment, followed by up to three (3) years of supervised release, a fine of up to $250,000.00, and a mandatory $100 special assessment fee.
The U.S. Attorney’s Office would also like to acknowledge the assistance of the Federal Bureau of Investigation, Internal Revenue Service – Criminal Investigations, and the Office of the U.S. Trustee for the Eastern District of Louisiana with this matter. The prosecution of this case is being handled by Assistant U.S. Attorneys Edward Rivera and Andre Lagarde of the Financial Crimes Unit.
Shane M. Jones
Public Information Officer
United States Attorney's Office, Eastern District of Louisiana
United States Department of Justice