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.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Giles Ward will not seek reelection to Senate
- Congressional delegation applauds Air Force's decision on Keesler, but not satisfied
- Report: Mississippi sees biggest hike in home insurance premiums in U.S.
- (UPDATED) Making Jackson-Evers affordable to Allegiant is key to regaining Orlando service
- Businessman involved in Frankel insurance scam dies at 81
- County rescinds gun ban; sheriff says lawmakers may 'deal with the consequences'
- Officials set hunting dates for birds; expands dove season by 20 days
- Commission to decide if emergency should be declared in Delta school system
- Ex-state employee gets jail time for embezzling from school
- Leadership in Law nomination form