Richard Blossman, Jr. gets 2 years and 9 months for fraud and making false statements
A former north shore bank executive has been sentenced to two years and nine months in federal prison after pleading guilty earlier this year to bank fraud and making false statements.
53-year-old Richard Blossman, Jr. was the CEO of the former Central Progressive Bank of Lacombe.
The Times-Picayune reports that Blossman had admitted to setting up a bogus company to buy a repossessed yacht. He also admitted issuing bonuses to bank directors that later were converted to political campaign contributions. He was sentenced by U.S. District Judge Nannette Jolivette Brown.
The illegal campaign contributions were funneled to the campaign that led to Bobby Jindal's election as governor. Jindal has said he knew nothing about the contributions and Blossman's attorney said the campaign will return the funds.
(Copyright 2012 by The Associated Press. All Rights Reserved.)
