San Antonio Woman Sentenced to Year and a Day for $480,100 COVID Loan Fraud

Overview

• U.S. District Judge Xavier Rodriguez imposed a 12-month-and-one-day prison term and ordered $492,841.78 in restitution for wire fraud.
• Leticia Arceneaux, 48, obtained about $480,100 in SBA Economic Injury Disaster Loan funds between August 2020 and April 2022 through misrepresentations.
• She diverted the money to personal expenses, including a swimming pool, a golf cart, a car, travel and large social events, and paid down about $72,000 in credit card debt.
• The Department of Energy Office of Inspector General investigated the case, and Assistant U.S. Attorney Christina Playton prosecuted it.
• Arceneaux pleaded guilty, will serve three years of supervised release, and must self-surrender by Jan. 16, according to court records.