Peoploungers chief disputes amount of scheme
by Associated Press
Published: October 11,2010
TUPELO, Miss. (AP) – Peoploungers’ disgraced former chief claims his criminal acts were brought on by desperation after global business pressures sunk him and the furniture company into bankruptcy.
Jimmy Green pleaded guilty to bank fraud, mail fraud and money laundering in April over his personal financial dealings. Nettleton-based Peoploungers filed for Chapter 11 bankruptcy protection in 2007.
Green admitted a scheme that cost Mississippi and Alabama banks more than $5.2 million.
The government has upped that total to $6.2 million, according to the Northeast Mississippi Daily Journal.
Green’s attorneys filed objections Thursday to the higher figure, which was in a pre-sentence report that serves as a guide for the judge at Green’s Nov. 4 sentencing.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Fervor grows for Tuscaloosa Marine Shale
- Click Boutique revives Hattiesburg downtown retail district
- LNG facility hoping to begin exporting natural gas
- District at Eastover construction to start later this year
- Doctor's murder-for-hire case postponed, mental evaluation pending
- ACLU could sue over state's new school prayer law
- Hatchery releases largemouth bass fingerlings in three rivers
- Bill exempting small farms from fuel storage regs passes Senate
- John Fletcher joins Jones Walker