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.
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