Jackson Woman Pleads Guilty to Conspiracy to Commit Bank Fraud

Jackson, Miss. – A Jackson woman pled guilty to conspiracy to commit bank fraud, announced U.S. Attorney Darren J. LaMarca and Special Agent in Charge David Denton of Homeland Security Investigations in New Orleans.

According to court documents, Valerie Austin, 37, conspired with two other individuals to obtain bank loans through fraudulent means.  Austin used false names and social security numbers that did not belong to her to obtain bank loans. 

Austin is scheduled to be sentenced on July 25, 2023 and faces a maximum penalty of 30 years in prison. A federal district judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

Homeland Security Investigations and the Madison Police Department and are investigating the case.

Assistant U.S. Attorney Charles W. Kirkham is prosecuting the case.