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Press Release

Jackson Woman Sentenced to 27 Months in Prison for Conspiracy to Commit Bank Fraud

For Immediate Release
U.S. Attorney's Office, Southern District of Mississippi

Jackson, Miss. – A Jackson woman was sentenced to 27 months in prison for conspiracy to commit bank fraud, announced U.S. Attorney Darren J. LaMarca and Acting Special Agent in Charge Edward Owens 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 was indicted by a federal grand jury on February 7, 2023 and she pled guilty on April 26, 2023 to conspiracy to commit bank fraud.

The Madison Police Department and HSI investigated the case.

Assistant U.S. Attorney Charles W. Kirkham prosecuted the case.

Updated August 8, 2023

Financial Fraud