![Developer Faces Fine In Ethics Case](http://townsquare.media/site/36/files/2013/12/Money-18-iStock.jpg?w=980&q=75)
Developer Faces Fine In Ethics Case
LAFAYETTE, La. (AP) — The state Board of Ethics and a Lafayette developer faced off at a hearing on whether he should face $1.5 million in fines on allegations of contracting with a public agency while still serving as chairman of its board.
Greg Gachassin is accused of signing two $500,000 consulting contracts for low-income housing developments while serving as chairman of the Lafayette Public Trust Housing Authority, which helped finance both developments.
Thursday's hearing before a three-member Ethics Adjudicatory Board was on a request by Ethics Board attorneys to fine Gachassin $1.5 million without further hearings and on a counter-request by Gachassin's attorney Gray Sexton, to dismiss the case, or at least part of it.
The Adjudicatory Board made no decision Thursday, taking the case under advisement.
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