Federal prosecutors in Baton Rouge have pegged the value of the fraud committed by politically connected Mandeville businessman Raymond Reggie against a group of south Louisiana car dealerships at roughly $1.2 million.
Reggie, son of the late Crowley City Judge Edmund Reggie and a brother-in-law of the late U.S. Sen. Ted Kennedy, pleaded guilty in October to five counts of http://theadvocate.com/news/10639025-123/mandeville-businessman-ray-reggie-pleads">mail fraud and is scheduled to be sentenced June 4.
http://theadvocate.com/home/9004146-125/federal-judge-in-br-refuses">U.S. District Judge Shelly Dick set that date Monday.
Reggie, who previously worked on many high-profile Democratic campaigns, including those of former President Bill Clinton, is accused of stealing from Slidell-based http://theadvocate.com/home/8130984-125/meeting-with-mandeville-businessman-raymond">Supreme Automotive Group and Super Chevy Dealers of Baton Rouge while acting as a media consultant for the group of car dealerships.
Supreme’s members have dealerships in Gonzales, Plaquemine and other locations in southeast Louisiana.
Prosecutors say Reggie billed the dealerships for advertising that was never purchased.
In a motion requesting the issuance of a preliminary order of forfeiture, Assistant U.S. Attorney James Thompson says Reggie fraudulently received more than $1.2 million from Supreme Automotive Group and Super Chevy Dealers of Baton Rouge between September 2008 and July 2012.
“As a result of Reggie supplying numerous false advertising expenses to SAG and SCDBR during the period,” Thompson wrote, “he caused SAG and SCDBR to issue approximately 138 checks totaling approximately $1,217,657.36.”
Dick signed the preliminary order last month, stating it will become final at the time of Reggie’s sentencing and will be made part of his sentence.
The U.S. Probation Office filed Reggie’s presentence investigation report into the court record last week. It is sealed.
Reggie, who has a previous federal conviction, was sentenced to a year in prison about a decade ago for bank fraud.
He pleaded guilty in 2005 to one count of conspiracy to commit bank frauds that cost Hibernia National Bank of New Orleans $3.4 million — Capital One bought Hibernia that year — and Biz Capital of Metairie $3.3 million. U.S. District Judge Carl Barbier in New Orleans also ordered Reggie to pay full restitution to both banks.
Edmund Reggie headed former President John F. Kennedy’s presidential campaign in Louisiana and also served as executive counsel during the second term of former Gov. Edwin Edwards.
The elder Reggie ran into tax problems in the latter part of his life and he was convicted of misapplying funds of now-closed Acadia Savings and Loan of Crowley, a thrift he founded in 1959. He pleaded no contest in 1993 to misapplying $425,000 in the form of a loan by Acadia Savings. He paid a $30,000 fine and was suspended from the practice of law for a time.