As his Bail Bonds Unlimited firm racked up a monopoly at New Orleans’s Jefferson Parish Courthouse, Louis Marcotte III boasted about the company’s profits, his personal wealth, and his influence around the government complex, says the New Orleans Times-Picayune. Marcotte cooperated with federal investigators in a wide-reaching judicial scandal (Operation Wrinkled Robe) that stunned the legal community.
“I gave to so many people that I got caught up in this feeling of giving, and I gave to people maybe I shouldn’t have given to,” Marcotte told the newspaper this week. Now his only audience will be fellow inmates at the Oakdale Correctional Complex, where he reports today to serve a 38-month sentence for a conviction under the federal Racketeer Influenced and Corrupt Organizations act. Among the confine’s notable prisoners are former Gov. Edwin Edwards, serving 10 years for racketeering, and former WorldCom Chief Executive Bernard Ebbers, who got 25 years for accounting fraud. Marcotte, 45, acknowledged that he stopped at nothing to expand his business. He played hardball with released inmates who owed him money and showered public officials with gifts to win their allegiances. The bondsman admitted heaping rewards on jailers and sheriff’s deputies for unfettered access to the courthouse and on two now-jailed former judges.