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SUPREME COURT OF LOUISIANA NO. 99-B-1038 IN RE: JOHN A. MMAHAT

ATTORNEY DISCIPLINARY PROCEEDINGS

PER CURIAM*
This attorney disciplinary proceeding arises from one count of formal charges filed by the Office of Disciplinary Counsel ("ODC") against respondent, John A. Mmahat, an attorney licensed to practice law in the State of Louisiana.

UNDERLYING FACTS In the early 1980's, respondent was the Chairman of the Board of Gulf Federal Savings Bank ("Gulf Federal"), a federally-insured financial institution in Metairie, Louisiana. In 1983, Gulf Federal was audited. The auditors discovered the institution was insolvent, and an additional audit was scheduled for November of 1984. Prior to that date, respondent induced Gulf Federal to make "sham" loans to shell corporations and to swap loans with other banks to conceal Gulf Federal's weak financial position. The effect was to decrease Gulf Federal's delinquent loan balance and to inflate the income on its 1984 financial statement. However, the scheme ultimately failed, and the bank went into receivership in November of 1986. Subsequently, respondent was indicted in the United States District Court for the Eastern District of Louisiana with nine counts of violations for conspiracy to misapply funds of a financial institution, in violation of 18 U.S.C.

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