Laffitte pleads guilty to federal charges
Despite a high-court-ordered new trial, former
On
In exchange for his plea to bank fraud, wire fraud, conspiracy to commit wire fraud and bank fraud, and three counts of misapplication of bank funds, and complying with several other provisions, Laffitte would be sentenced to 60 months (five years) in federal prison, followed by a period of supervised release, as well as fines, fees and restitution.
Laffitte was indicted in both state and federal courts in 2022 in connection with a financial crime spree orchestrated by disbarred attorney and convicted fraudster and murderer
While awaiting trial on state charges, Laffitte was convicted in
However, in 2024, a federal appeals court vacated the conviction and sentence based on violations of Laffitte's Fifth and Sixth Amendment rights when a juror was ruled to have been improperly dismissed.
Laffitte's second federal trial was scheduled to begin
Laffitte is now set to stand trial on the first of his state criminal indictments sometime in
What are the details of Laffitte's plea agreement?
By pleading guilty, Laffitte potentially shaved off two years from his federal sentence, but the maximum sentence allowed by law on each charge was 30 years.
In exchange for his guilty plea, Laffitte also agreed to forfeit a certain amount of property, to be identified and determined by the federal government,
The restitution and judgment must be paid on or before sentencing.
Per the agreement, if Laffitte violates any term of this plea agreement, federal prosecutors can seek the maximum punishment allowed by law.
Laffitte and one of his attorneys signed Laffitte's plea agreement,
The agreement awaits final approval by a federal judge, likely
Assistant



Guardian releases The 2024 Guardian Annual and record-breaking financial results
South Florida Insurance Broker Pleads Guilty to Fraud in $133M ACA Enrollment Scheme
Advisor News
- Iowa House backs temporary tax hike to fill Medicaid gap
- Iowa Medicaid temporary tax plan draws sharp public opposition
- Charitable giving planning can strengthen advisor/client relationships
- New $6K deduction could provide tax planning window for retirees
- Iowa Medicaid temporary tax plan draws sharp opposition
More Advisor NewsAnnuity News
- We can help find a loved one’s life insurance policy
- 2025: A record-breaking year for annuity sales via banks and BDs
- Lincoln Financial launches two new FIAs
- Great-West Life & Annuity Insurance Company trademark request filed
- The forces shaping life and annuities in 2026
More Annuity NewsHealth/Employee Benefits News
- Medical debt associated with deferring dental, medical, and mental health care: Johns Hopkins Bloomberg School of Public Health
- New Managed Care Study Findings Recently Were Reported by Researchers at University of Texas Southwestern Medical Center (Association of Vaping-Related Events with Relative Harm Perceptions of E-Cigarettes): Managed Care
- Findings from American Public University Provides New Data about Managed Care (Public Health Impact of Wildfire Smoke Exposure: Analysis of Respiratory-Related Medicaid Claims in Wyoming): Managed Care
- Iowa House backs temporary tax hike to fill Medicaid gap
- Health insurance jargon can be frustrating and confusing – here’s how to navigate it
More Health/Employee Benefits NewsLife Insurance News
- New individual life premium hits record-setting $17.5B in 2025
- Maryland orders Cigna to halt underpaying doctors or give cause
- Insurers optimistic about their investments in 2026
- AM Best Affirms Credit Ratings of PVI Insurance Corporation
- Securian Financial Study Finds Americans Are Falling Into Workplace Benefits “Affordability Trap,” With Many Taking Financial Risks for Bigger Paychecks
More Life Insurance News