A Morgan City man pleaded guilty federal court on Tuesday to stealing more than $90,000 over six months between 2013 and 2014 from a federally funded nonprofit, officials said.
Timothy Daigle, 32, admitted to U.S. District Judge Richard Haik that as a loan officer for the nonprofit Southern Mutual Help Association in New Iberia, he approved fraudulent loans using the names of friends and associates from Morgan City and New Iberia, and pocketed the money, U.S. Attorney Stephanie Finley said.
Daigle faces up to 10 years in prison, three years of supervised release and a $250,000 fine. He also could be ordered to pay the stolen money back, Finley said.
Haik did not set a sentencing date in the case investigated by the FBI and prosecuted by Assistant U.S. Attorneys David C. Joseph and Kelly P. Uebinger.