McField’s sentencing for bank fraud postponed

by

Published: January 25,2011

Tags: bank fraud, banking and finance, courts

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.

[RSS Feed] [del.icio.us]



To sign up for Mississippi Business Daily Updates, click here.

POST A COMMENT

 

FOLLOW THE MBJ ON TWITTER

Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: