NEW ORLEANS, LA (WVUE) - U.S. Attorney Kenneth A. Polite announced that Roy Joseph Busiere, age 68, of Covington, was sentenced today after previously pleading guilty to conspiracy to commit bank fraud.
U.S. District Judge Kurt D. Engelhardt sentenced Busiere to 54 months in prison, to be followed by three years of supervised release. As part of the sentence, the Court ordered Busiere to pay $1,540,973.39 in restitution.
According to court documents, Busiere, who worked as a comptroller for A & H Armature Works, Inc., embezzled from the company's bank account at First American Bank. Busiere conspired with another to steal from A & H Armature Works, Inc. by using Paypal and American Express accounts to transfer the funds.
U.S. Attorney Polite praised the work of the United States Secret Service, New Orleans Field Division in investigating this matter.