Feds Indict Derrick Shepherd

T-P

A federal grand jury indicted state Sen. Derrick Shepherd today after months investigating allegations that the Marrero Democrat laundered $141,000 for an unlicensed bond broker.

From his Poydras Street office, U.S. Attorney Jim Letten announced the 41-count indictment on charges of conspiracy to commit mail wire fraud, mail fraud, wire fraud, participation in the business of insurance by a person previously convicted of a felony involving dishonesty, conspiracy to commit money laundering and money laundering.