Source: Office of United States Attorneys
NEW ORLEANS, LOUISIANA – Acting United States Attorney Michael M. Simpson announced that ERNEST X. TAYLOR, JR. (“TAYLOR”), age 40, a resident of LaPlace, Louisiana, was charged on July 30, 2025 in a superseding bill of information with Bank Fraud, in violation of Title 18, United States Code, Section 1344(2).
According to court documents, between 2019 and 2022, TAYLOR applied for over $400,000 in loans from credit unions and falsely claimed that the funds would be utilized to purchase vehicles. TAYLOR fraudulently applied for loans under other people’s names and did not disclose to the credit unions that the loan proceeds would go to TAYLOR. In furtherance of his scheme, TAYLOR presented materially false documentation to the credit unions, including fraudulent vehicle titles and falsified pay stubs. After receiving the loan proceeds, TAYLOR defaulted on the loans.
If convicted, TAYLOR faces up to thirty years imprisonment, up to five years of supervised release, a fine of up to $250,000, and a mandatory special assessment fee of $100.
Acting U.S. Attorney Simpson reiterated that the superseding bill of information is merely a charge and that the guilt of the defendant must be proven beyond a reasonable doubt.
The case was investigated by the Federal Bureau of Investigation and the United States Secret Service. Assistant United States Attorneys Maria M. Carboni and Edward Rivera of the Financial Crimes Unit are handling the prosecution.