Officials from Two Louisiana Healthcare Companies Indicted for Multi-Million Dollar Bank Fraud Scheme
SHREVEPORT, La. – Acting U.S. Attorney Alexander C. Van Hook announced today that an assistant bank manager in Tallulah was sentenced to eight months in prison for stealing more than $24,000 from customer accounts.
Lois Love, 49, of Tallulah, La., was sentenced by U.S. District Judge S. Maurice Hicks Jr. on one count of theft or embezzlement by a bank employee or officer. She was also sentenced to five years of supervised release and ordered to pay $24,430.82 restitution. According to the December 20, 2016 guilty plea, Love worked as the assistant branch manager for a Tallulah bank from 1994 until 2014. Love was also the treasurer of the Madison Parish Economic and Development District (MPEDD). Love used her position as assistant branch manager to steal $24,430.82 from individual bank accounts and from the MPEDD from 2011 to 2014.
The FBI conducted the investigation. Assistant U.S. Attorney Mike O’Mara prosecuted the case.