Capital Management Consultants figure sentenced - KATC.com | Continuous News Coverage | Acadiana-Lafayette

Capital Management Consultants figure sentenced

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Courtesy Morgan City police -- Armond Duhon Courtesy Morgan City police -- Armond Duhon

A Morgan City man was sentenced to serve 20 years in prison Monday for his role in the theft of millions from Capital Management Consultants.

Armand Duhon, 63, was convicted this summer of racketeering, money laundering and more than 200 counts of theft. On Monday, he received a 20 year sentence on the racketeering charge; 15- and 12-year sentences on two money laundering charges; 8 years for each of 206 counts of theft over $1500; and six months on each of 15 counts of theft over $500. 

All the sentences will be served with out benefit of parole, probation or suspension of sentence, and all will be served concurrently, or at the same time, court records show. 

Duhon was arrested in 2015 following the investigation of an alleged massive theft of funds from Capital Management Consultants, Inc., in Morgan City. 

According to the arrest report by Morgan City police, Duhon was accused of stealing more than $773,000 from several bank accounts belonging to Capital Management Consultants Inc.

Duhon is the husband of Karen Duhon, one of the primary defendants named by Capital Management Consultants in one of two lawsuits the company has filed against former employees and people outside the company believed to have stolen at least between $15 million and $30 million. A company spokesman said the two lawsuits will be consolidated into one lawsuit.

In 2015, one of the defendants, Donnasue Peveto, 59, of Houma, pleaded guilty to one count of racketeering and 123 counts of felony theft. 

Peveto was accused along with her former co-worker Karen Duhon, Duhon's husband, Armond Duhon, both of Morgan City, and Nelson-Tucker LLC and A-B-C Siding Company, Armond Duhon's company, in an 81-page bill of information with racketeering, hundreds of theft counts and 100 counts of money laundering. A fourth person who prosecutors say was involved in the thefts, Scott Tucker, died in 2014. 

They were accused of stealing millions from Capital Management Consultants Inc. of Morgan City. 

Karen Duhon and Nelson Tucker still face trial. 

To read the details of what Peveto admitted to, read our story here.  Peveto died in 2016. To read that story, click here

Civil lawsuits also have arisen from the alleged theft. 

One of the lawsuits accuses Karen Duhon, Tucker and Peveto of using company money to take trips, pay for children's schooling, pay for landscaping, buy jewelry and art work, order supplies for the Duhons' company, A-B-C Siding Company of Morgan City, and buy lavish gifts for their families over a 30-year period.

The company alleges that accountant Tucker orchestrated the whole thing. It was Tucker's death that led to the fraud discovery when a new accountant was hired.

It's alleged that Tucker and Karen Duhon became romantically involved shortly after she was hired in 1982 and they used a manual, outdated accounting system, instead of a computerized program, to hide their theft for decades. That's made it "extremely difficult, if not impossible, without a full forensic audit, to trace the transactions," according to the lawsuit.

Duhon and her husband even opened a personal checking account in Capital Management Consultant's name to deposit checks made out to the company, and Tucker set up trust funds to funnel the money, according to the suit. They drafted documents to appoint themselves officers of the company and shortly after Tucker, the self-appointed president of the company, sold the company's land and mineral rights to himself.

The second lawsuit filed accused Michael Aloise Jr. of creating fraudulent documents naming Tucker as president of Capital Management Consultants, Inc., without board approval or authority to do so. He was accused of helping Tucker with a "scheme" to buy land that Tucker knew would be the target for mineral exploration and extraction using company funds in order to increase the amount of money Tucker received from royalties of whatever mineral, oil or gas was found on the property.

However, according to records of the court provided by Aloise, the claims of fraud against him were dismissed last fall. According to the document, Aloise's attorneys filed a Motion for Summary Judgment on the fraud claims, and it was granted by the court prior to trial. According to Aloise, the one remaining claim against him, which was connected to the property, also was dismissed later.

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