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14. <br /> La. R.S. 42:1112A provides that: <br /> No public servant...shall participate in a transaction in which he has <br /> a personal substantial economic interest of which he may be <br /> reasonably expected to know involving the governmental entity. <br /> 15. <br /> La. R.S. 42:1153 provides with respect to penalties: <br /> B. Upon finding that any public employee or other person has violated any provision <br /> of any law within the jurisdiction of the board . . ., the board by a majority vote of the <br /> membership, may remove, suspend, or order a reduction in pay, or demotion of the public <br /> employee or other person, or impose a fine of not more than ten thousand dollars, or both. <br /> 16. <br /> La. R.S. 42:1155 provides with respect to penalties for illegal gain: <br /> If an investigation conducted pursuant to this Part reveals that any public servant <br /> or other person has violated any law within the jurisdiction of the Board of Ethics <br /> to his economic advantage, and after an adjudicatory hearing on the matter, the <br /> Ethics Adjudicatory Board may order the payment of penalties. Recovery may <br /> include,in addition to an amount equal to such economic advantage, penalties <br /> not to exceed one half of the amount of the economic advantage. <br /> 17. <br /> Based on the foregoing facts, Edward E. "Ted" Calloway, while serving as the Hospital's <br /> Chief Financial Officer,violated La. R.S.42:1111(1)(a)by receiving something of economic value <br /> to which he was not duly entitled for the performance of his job duties and responsibilities when <br /> he transferred more than $400,000 in Hospital funds to his personal bank accounts. <br /> Page 4 of 6 <br />