Posted: Jun 3, 2010 6:21 AM by Andrea Fontenot
Source: Associated Press
A former claims adjuster has been sentenced to 46 months in prison for stealing nearly $300,000
from a worker's compensation group in Lafayette.
Edward Paul Verdin, of Franklin, pleaded guilty to mail fraud and money laundering.
Over a two-year period, prosecutors say Verdin diverted over $297,000 from the Louisiana Oilfield Contractor's Association, where he worked as a claims adjuster, to Legal Risk Management Consultants, a fictitious private investigation firm that he created in July 2007.
Verdin will have to pay $285,395 in restitution once he's released from prison.