A Baton Rouge man was sentenced to 41 months after he pleaded guilty to embezzling funds from the New Orleans Firefighters Pension and relief fund, according to a news release from U.S. District Attorney Duane Evans.
Wayne Triche pleaded guilty to wire fraud and tax fraud. Officials say Triche managed a portion of the firefighters pension and relief fund’s investments.
Triche embezzled $937,658.77 instead of returning the profits over to the pension and relief fund. He used those funds for personal expenses such as a civil court judgment, credit card charges, and gambling.
The tax fraud charges come from Triche’s failure to claim the embezzled funds on his income tax returns. As a result, he owed the Internal Revenue Service (IRS) $329,895.00.
Triche was ordered to pay $937,658.77 restitution to the New Orleans Firefighters Pension and Relief Fund, $329,895.00 to the Internal Revenue Service, and a mandatory $100 special assessment fee.
Once released, he will serve a one-year term of supervised release.