Real estate developer gets 10 days in prison for bank fraud

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.

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