The Times Picayune is reporting the indictment of Terry Lisotta, former CEO of Louisiana’s state-operated insurance program.
Politics and law have a special relationship in Louisiana; so, I’ve linked a few background stories from former Louisiana Insurance Commissioner Jim Brown’s site below the lead story for those who would like to know more.
A state grand jury today indicted the former chief executive officer of the state-operated Louisiana Citizens Property Insurance Corp. on 14 counts of theft following a year-long investigation by Attorney General Buddy Caldwell’s office.
The grand jury returned the indictment against Terry Lisotta, who was criticized in two audits during the past 15 months by Legislative Auditor Steve Theriot’s office for ringing up more than $285,000 in expenses between 2003 and 2006 and charging the expenses to Citizens or two other state-related insurance entities.
Assistant Attorney General David Caldwell, the attorney general’s son and director of the public corruption and special prosecutions section of the office, did not rule out more indictments and said the investigations are ongoing. Continue reading “Breaking News: Former CEO of Louisiana Citizens Insurance Indicted”