McField’s sentencing for bank fraud postponed
JACKSON — A federal sentencing hearing has been delayed for a Mississippi man convicted of taking a $1.6-million bank loan to buy a Florida condo and instead spending the money on other things, including a Bentley car.
Seneca O. McField was convicted of bank fraud and money laundering in U.S. District Court on Nov. 4. His sentencing was set for Monday. It was pushed back to March 3.
McField was accused of making false statements to Merchants and Farmers Bank in 2004 to secure the loan for a condo in Sarasota, Fla.
Prosecutors say McField spent $429,000 on a 2005 Bentley Arnage T vehicle.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- DAVID DALLAS — Just how long can Dan stand?
- BILL CRAWFORD: Dan Jones not the angel he is portrayed to be
- Chancery judge delays JRA bond approval for Jackson's Westin hotel
- The Dan Jones-IHL saga: Is this the story that started it all?
- Cal-Maine income skyrockets as prices rise and costs shrink
- KILL BILL: Common Core death knell heads to Gov. Bryant's desk
- Grain scandal takes its toll on Delta farmers
- DAVID DALLAS — From Dan and Dixie with love
- Lawmakers move on bonds despite complaints from colleges and universities