U.S. Attorney Peter G. Strasser announced that JARED
CASTELLAW, age 34, of New Orleans, and a former employee of an undisclosed
entity, ABC Homes, LLC, located in St. Bernard Parish, pled guilty on January
30, 2019 to a Bill of Information charging him with Making False Statements to
a Financial Institution.
According to court documents, beginning in or around October
2008 and continuing to on or about May 2009, CASTELLAW, along with
co-defendants PATRICK HEALEY and VALERIE SCHONES made false statements to the
Federal Housing Administration “FHA” in order to assist low-income borrowers in
qualifying for FHA insured loans that they would not otherwise have qualified
for. In total, due to the acts of the defendants, the FHA suffered a loss in
excess of $852,415.
CASTELLAW faces a maximum of 30 years imprisonment, a fine
of not more than $1,000,000, supervised release of up to 5 years, and a special
assessment of $100. The Court set sentencing in this matter for May 15, 2019 at
2:00 p.m.
U.S. Attorney Strasser reiterated that the Bill of
Information is merely a charge and that the guilt of the defendant must be
proven beyond a reasonable doubt.
U.S. Attorney Strasser praised the work of the Department of
Housing and Urban Development, Office of Inspector General and the Federal
Bureau of Investigation. The case is being prosecuted by Assistant U.S.
Attorneys Sharan E. Lieberman and Edward J. Rivera.
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