Peoploungers chief disputes amount of scheme
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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- UMMC reaching out after death of high school football player
- Thousands of acres of Delta farmland to go on auction block
- Former Godwin CEO Danny Mitchell dies at 66
- Tragedy for Jackson Prep: Football player Walker Wilbanks dies
- Board files suit against VA over release of patients' names
- Gov. Bryant sets special election date for Senate District 17
- Northrop Grumman lands $354M Air Force contract for Global Hawks
- Mississippi sounds coming to Americana Music Festival & Conference
- City trying to determine who has authority to spend gaming money