Real estate developer gets 10 days in prison for bank fraud
by Associated Press
Published: July 18,2013
Tags: bank, bank fraud, banker, banking, Chuck Roberts, Citizens National Bank, court, crime, DeSoto County, developer, judicial, justice, land, law, legal, property, real estate, residential real estate, RH Holdings, sentence, Southaven, subdivision, U.S. District Court
OXFORD — DeSoto County developer Chuck Roberts will serve 10 days in a federal prison in September for his role in a bank fraud scheme involving a Southaven subdivision his company was planning to build.
The Commercial Appeal reports the 46-year-old Roberts said during yesterday’s sentencing hearing in U.S. District Court in Oxford that his actions were not indicative of who he is.
Roberts admitted to submitting fake documents to an area bank and receiving about $489,000 from a loan for work that was never done. He pleaded guilty to one count of bank fraud earlier this year.
U.S. District Judge Michael P. Mills told Roberts that he was giving him as little time in prison as possible for the sake of his children.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Study: Mississippi has highest sales tax rate in U.S.
- Prescription for success — Transcript Pharmacy continues fast growth
- New law on taxing methods hailed as big win for businesses
- MSU researchers develop timber-management software
- Panther Creek megasite — Putting a value proposition out there
- Panther Creek's location in medical industry zone boosts bio-med prospects
- BRENT CHRISTENSEN — Entrepreneurs: A vital fuel for Mississippi’s Economy
- Nehi Bottling Company has been a Cleveland fixture for 85 years
- Counties ‘hoping to get it right’ as they await Tuscaloosa Marine shale boom