RONALD STIMAGE, age 47, a resident of New Orleans, was charged today in a one count indictment by a Federal Grand Jury for theft of government funds, announced U.S. Attorney Jim Letten.

According to the indictment, STIMAGE applied for and received a disaster loan from the s Small Business Administration (“SBA”) to repair his primary residence after it was damaged by Hurricane Katrina. The indictment alleges that STIMAGE submitted phony receipts to the SBA for repair work that was never performed. As a result of these fraudulent representations, the indictment alleges that STIMAGE received approximately $31,800.00 from the SBA.

If convicted, STIMAGE faces a maximum of term of imprisonment of ten (10) years imprisonment, a $250,000 fine, three (3) years of supervised release following any term of imprisonment, and a $100 special assessment.

U.S. Attorney Jim Letten reiterated that the indictment is merely a charge and that the guilt of the accused must be proven beyond a reasonable doubt.

The case was investigated by the Office of Inspector General for the SBA, and is being prosecuted by Assistant United States Attorney Spiro Latsis.

(Download Indictment )

 

 

 

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