Morgan City man pleads guilty from stealing money from nonprofit organization

A Morgan City man pleads guilty to stealing loan money from a federally funded nonprofit organization.

U.S. Attorney Stephanie A. Finley states that according to the guilty plea, while working as a loan officer and agent at the nonprofit Southern Mutual Help Association (SMHA) in New Iberia, Daigle stole more than $90,000. On four separate occasions from September 2013 until February 2014, Daigle, acting as an agent of SMHA, helped to fraudulently approve loans in the names of friends and associates in New Iberia and Morgan City.

Daigle faces up to 10 years in prison, three years of supervised release, a $250,000 fine and restitution.

A sentencing date was not set.

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