Home » NEWS » Banking & Finance » Attorney pleads guilty to bank fraud

Attorney pleads guilty to bank fraud

GREENVILLE — Booneville attorney Thomas D. Keenum Sr. has pleaded guilty to bank fraud charges in U.S. District Court in Greenville.

The Northeast Mississippi Daily Journal reports Keenum entered the plea yesterday to one count.

Court records show Keenum faces up to 30 years in prison, no more than $1 million in fines and possible restitution.

Prosecutors say Keenum had local attorneys file title opinions that Keenum owed no money on 10.5 acres in Alcorn County. Prosecutors say Keenum used the fraudulent opinions to get new bank loans totaling more than $376,000 as he sought to get himself out of financial difficulties from 2005 until 2007.

The government says he borrowed from two banks in Mississippi and one in Alabama.

No sentencing date has been set.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*