Ex-contractor to be sentenced for bank fraud this month
Published: January 16,2014
Tags: bank, bank fraud, banking, Citizens National Bank, City of Southaven, construction, contractor, court, crime, finance, financial institution, James E. Harris, justice, law, legal, M&H Construction, sentence, sentencing
SOUTHAVEN — Sentencing for James M. Harris, a former contractor with the city of Southaven who pleaded guilty last year to a federal bank fraud charge, is scheduled for Jan. 29 in Aberdeen.
The Commercial Appeal reports the 54-year-old Harris pleaded guilty on Sept. 12 to one count of loan and credit application fraud in federal court.
He admitted during his plea hearing that he submitted four fake invoices to Citizens National Bank, falsely claiming that his company, M&H Construction, needed to draw money from the $5 million bank loan to construct a box culvert at or near Cherry Hill subdivision, when in reality Southaven had already paid his company over $181,000 to install the culvert.
The bank fraud charge is punishable by a maximum penalty of 30 years in prison.
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
- Three indicted, alleged to have embezzled from agency
- MARTIN WILLOUGHBY — Tyler Raborn finds success and fulfillment with Raborn Media
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau
- Manning family establishes health care initiative at UMMC
- Walker sentenced to 18 months for fraud, conspiracy
- Weyerhaeuser investing $57M to modernize lumber mill
- Supreme Court deals blow to McDaniel's election challenge