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Ex-contractor to be sentenced for bank fraud this month

SOUTHAVEN — Sentencing for James M. Harris, a former contractor with the city of Southaven who pleaded guilty last year to a federal bank fraud charge, is scheduled for Jan. 29 in Aberdeen.

The Commercial Appeal reports the 54-year-old Harris pleaded guilty on Sept. 12 to one count of loan and credit application fraud in federal court.

He admitted during his plea hearing that he submitted four fake invoices to Citizens National Bank, falsely claiming that his company, M&H Construction, needed to draw money from the $5 million bank loan to construct a box culvert at or near Cherry Hill subdivision, when in reality Southaven had already paid his company over $181,000 to install the culvert.

The bank fraud charge is punishable by a maximum penalty of 30 years in prison.

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