Ex-contractor’s bank fraud sentencing rescheduled for March
Published: January 31,2014
Tags: bank, bank fraud, banking, bench, Chuck Roberts, Citizens National Bank, contractor, court, crime, finance, financial institution, James M. Harris Jr., justice, law, legal, real erstate, residential subdivision
SOUTHAVEN — The sentencing hearing for former Southaven contractor James M. Harris Jr. has been reset for March 25 in Aberdeen.
The 53-year-old Harris pleaded guilty in federal court last year to one count of loan and credit application fraud.
Harris admitted that he made false statements to Citizens National Bank in Olive Branch so he could draw money from a $5 million loan for drainage work at a subdivision that his development company never built.
Harris’ former business partner in RH Holdings, DeSoto County developer Chuck Roberts, pleaded guilty to bank fraud in the scheme earlier this year, and was sentenced to 10 days in jail.
The Commercial Appeal reports Harris faces a maximum of 30 years in prison and a $1 million fine.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Bids on reworking Interstate 55 stretch are rejected
- Spivey named Under 40 Business Person of the Year by the Mississippi Business Journal
- JACK WEATHERLY: Economic development in these parts is a ‘family’ business
- Hosemann to launch crowd funding program
- CFPB wants repay ability at center of new payday loan rules
- Terminal upgrade on indefinite hold at Jackson International Airport
- ALAN TURNER: Education in Mississippi – good and bad news
- JOSH MABUS: The Tao of Road House
- Answering the Bell: Interim Ole Miss law school dean well-regarded for directing hands-on clinical training