Two northeast Mississippi men have been ordered to pay hundreds of thousands of dollars in restitution to a bank following their convictions on fraud charges.
U.S. District Judge Debra Brown in Greenville also sentenced 53-year-old Max Miller of Saltillo (sal-TIL’-oh) on Friday to 18 months in federal prison and ordered five years of supervised release for 52-year-old James “Pete” Nichols. Brown required both me to pay a total of more than $374,000 in restitution to Tupelo-based Renasant Bank.
Miller, a former loan officer for the bank, acknowledged creating fake loans from 2012 through 2014 to generate cash for Nichols and himself. Both men pleaded guilty to a single count of bank fraud.
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