Home » NEWS » Banking & Finance » Real estate developer pleads guilty to bank fraud

Real estate developer pleads guilty to bank fraud

OXFORD — DeSoto County developer Chuck Roberts has pleaded guilty in federal court to bank fraud charges.

The Commercial Appeal reports Roberts entered his plea at a hearing in Oxford yesterday.

He pleaded guilty to one count charging him with submitting fake documents and making false statements to an area bank to get money from a $5 million loan. The loan was allegedly for a subdivision that was never built.

The 46-year-old Roberts was released on his own recognizance and will be sentenced in 90 days.

 

Leave a Reply

Your email address will not be published.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

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>