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Justice News

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

FOR IMMEDIATE RELEASE
Wednesday, June 8, 2016

Slidell Man Charged with Defrauding Investors

U.S. Attorney Kenneth A. Polite announced that JOHN GIBSON, age 31, of Slidell, was charged today in a one-count Bill of Information with mail fraud.

According to court documents, GIBSON solicited funds from individuals by falsely representing that he would use their funds to establish investment accounts from 2008 to 2014.  During this time period, GIBSON defrauded his investors by diverting their investment funds for his own personal use and benefit.

GIBSON faces the maximum penalty of twenty years imprisonment and/or a fine of $250,000 or the greater of twice the gross gain to the defendant or twice the gross loss to the victim. 

U.S. Attorney Polite reiterated that the Bill of Information is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt.

U.S. Attorney Polite praised the work of the United States Postal Inspection Service in investigating this matter.  Assistant United States Attorney Sean Toomey is in charge of the prosecution.

 

Topic(s): 
Financial Fraud
Updated June 8, 2016