Slidell Man Sentenced for Defrauding Investors

Acting U.S. Attorney Duane A. Evans announced that JOHN GIBSON, age 32, of Slidell, was sentenced today after previously pleading guilty to a one-count Bill of Information charging him with mail fraud.

U.S. District Judge Sarah S. Vance sentenced GIBSON to 18 months incarceration, and ordered restitution in the amount of $213,597.35. Upon release from prison, GIBSON will have to serve three years of supervised release.

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

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