Nine indicted for defrauding ASI FCU after Katrina
NEW ORLEANS (8/14/06)--The U.S. Attorney's office indicted nine members of ASI FCU on charges of defrauding the credit union of more than $900,000 after Hurricane Katrina.
The nine members were indicted last week for intentionally overdrawing their accounts, although officials do not think they were working together, according to U.S. Attorney Jim Letten (Times-Picayune Aug. 11).
Some of the defendants were evacuees of Hurricane Katrina, and all of the debit transactions or ATMs withdrawals occurred between Aug. 31 and Sept. 17.
Amounts ranged from $7,942.92 to more than $18,300.
Each defendant faces a maximum sentence of 30 years in jail, a $1 million fine and five years of supervised release and restitution.
Letten said that more indictments are possible.
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