Real estate developer pleads guilty to bank fraud

OXFORD — DeSoto County developer Chuck Roberts has pleaded guilty in federal court to bank fraud charges.

The Commercial Appeal reports Roberts entered his plea at a hearing in Oxford yesterday.

He pleaded guilty to one count charging him with submitting fake documents and making false statements to an area bank to get money from a $5 million loan. The loan was allegedly for a subdivision that was never built.

The 46-year-old Roberts was released on his own recognizance and will be sentenced in 90 days.

 

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