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May 16, 2018

Slidell Man Charged With Conspiracy to Defraud

U.S. Attorney Duane A. Evans announced that Jeffrey Dunap (44), of Slidell and owner of Phoenix Civil Contractors, was charged Monday (May 14, 2018) with conspiracy to defraud First NBC Bank, the New Orleans-based bank that failed in April 2017.
The press release charges that Dunlap and an unnamed bank president conspired to provide false financial statements and inflate the value of collateral used to obtain loans for Dunlap and his business from March of 2009 through April of 2017. The press release further charges that  the purpose of the conspiracy was for Dunlap, the unnamed bank president, and others to unjustly enrich themselves, disguise the true financial status of Dunlap's business, and conceal the accurate performance of the business's line of credit. By April 28, 2017, First NBC Bank had advanced approximately $22 million to Dunlap's company on a revolving line of credit.
If found guilty, Dunlap could face up to 30 years’ imprisonment, a fine of more than $1 million, five years of supervised release, and a special assessment of $100.
U.S. Attorney Duane A. Evans stated that a Bill of Information is merely an accusation and that the guilt of the defendant must be proven beyond a reasonable doubt.

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