Former bank CEO gets six years-plus in prison
Published: July 17,2013
Tags: attorney, bank, banker, banking, bench, CEO, Chief Executive Officer, court, Daniel McMullen, executive, FBI, finance, financial institution, fraud, Gregory K. Davis, judge, judicial, judiciary, justice, Larry Barnette Hill, law, legal, money laundering, Peoples Bank of the South, sentence, sentencing, U.S. District Court
BUDE — A former bank executive has been sentenced to more than six years in federal prison for money laundering and bank fraud.
U.S. Attorney Gregory K. Davis and Daniel McMullen, the FBI agent in charge in Mississippi, announced the sentence yesterday in a news release
Authorities say 58-year-old Larry Barnette Hill of Meadville served as CEO of People’s Bank of the South in Bude.
Prosecutors say from 2004 through 2012, Hill fraudulently withdrew money from the bank’s payroll clearing account and deposited those funds into the accounts of his family members and into a shell account he created.
He was sentenced to 78 months during a hearing yesterday in U.S. District Court in Jackson.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Moon River Foods creating 100 jobs in Mississippi Delta
- Weyerhaeuser investing $57M to modernize lumber mill
- Google chooses Mad Genius as example of Internet use
- Two BancorpSouth mergers delayed by federal inquiries
- Health officials identify another case of chikungunya virus
- Biloxi council approves $29M contract for baseball stadium construction
- Three indicted, alleged to have embezzled from agency
- Communities awarded national Main Street accreditation