Businessman Charged in Multi-Million Dollar Scam - KLFY News 10

Businessman Charged in Multi-Million Dollar Scam


A Lafayette man pleaded guilty Friday to a scam that federal prosecutors alleged netted more than five million dollars from a group of about 100 investors in Acadiana. Herbert Fouke faces up to five years in prison on a charge on conspiracy to commit securities fraud, investment adviser fraud, wire fraud and mail fraud. A federal grand jury in 2011 indicted Fouke and businessman Richard Joseph Buswell, who pleaded guilty to a fraud charge in July.

Powered by WorldNow

1808 Eraste Landry Rd, PO Box 90665,
Lafayette LA 70509

Telephone: 337.981.4823
Fax: 337.984.8323

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Louisiana, Inc. A Media General Company.