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.