Church Point man indicted

CHURCH POINT – A Church Point man is facing embezzlement charges after his recent indictment in federal court.

Steve J. Broussard is accused of making at least 22 transactions with unauthorized funds from the bank during the years of 1998 to 2004.

According to Daniel Domingue, the bank’s president and CEO, Broussard resigned from the bank in 2004. Domingue said the bank’s only comment on the situation would be to confirm that Broussard had been indicted.

The charges Broussard is facing are fourteen counts of misapplication by a bank employee and officer in excess of $1,000 and eight counts for less than $1000.

Among Broussard’s alleged transactions are one for $63,000 or more to “Laborer E.M.,” a $39,000 or more transaction to “Laborer F.B.,” a $41,000 or more transaction to “Laborer J.C.” and a $24,000 or more unauthorized ATM withdrawal.

Broussard also allegedly made unauthorized payments for health insurance and cancer policy premiums, a loan to a city councilman, purchases for personal items, and the purchase of a $1425 bronze statue that was allegedly removed from the bank when Broussard resigned.

The indictment also stated that Broussard faces three counts of false entry in bank records for allegedly trying to conceal “the actual nature of the expenses and make it appear the expenses related to banking business.”

Broussard is scheduled to be arraigned August 7, 2008.