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September 2018 Archives

3 men facing prison time and forfeitures for alleged Ponzi scheme

A criminal case against three men accused of running a $364 million Ponzi scheme serves as a reminder to investors in Louisiana to choose their money managers carefully. A federal investigation in Maryland has resulted in the arrest of three men and charges of wire fraud, money laundering and identity theft. Convictions on any of these charges could produce 20-year prison sentences.

Reckless driver kills motorcyclist in Louisiana

A 39-year-old man was killed on the morning of Sept 12 when his motorcycle struck a minivan being driven recklessly according to the Louisiana State Police. The man behind the wheel of the minivan has been cited for failing to yield, but reports suggest that the investigation is ongoing and further charges may be filed. Police are said to be waiting for the results of toxicology tests performed on both drivers to reveal whether or not drug use or alcohol consumption could have played a role.

Contractor agrees to restitution in fraud case

A Louisiana construction contractor gave an Alford plea on Sept. 4 to filing or maintaining false public records after being accused of over 135 counts of various white collar crimes in several separate parishes. The 41-year-old man maintained his innocence but said that the plea was in his best interest. In an Alford plea, a person can plead guilty without admitting to the criminal act and while continuing to assert innocence. The man, along with his company, Complete Construction Contractors LLC, was accused of insurance fraud, theft, extortion and contractor fraud, among other issues in Livingston, Ascension, East Baton Rouge, St. John the Baptist and Terrebonne parishes.

Three tips for businesses to prevent corporate fraud

Every business worries about offenses that could lead to criminal charges. The mere allegation of corporate fraud could have devastating effects for an entire company, including decreased business, negative publicity and lower morale. The average business in the United States loses 5 percent of its revenue to fraud. Globally, fraud causes $3.7 trillion in loss every year.

Liability for bicycle accidents in Louisiana

Liability for accidents between cars and bicycles comes down to the question of who was negligent. In most cases, both parties are at fault to some degree, but fault must be determined based on state and local traffic laws. Both drivers and cyclists have what is called the duty to exercise ordinary care regarding their safety and the safety of others on the road.