A former East Texas bank president faces up to 30 years in federal prison for using customer funds to pay his home contractor.
Prosecutors in Lufkin on Monday announced the guilty plea from 33-year-old Willard T. Scott of Nacogdoches.
The ex-president of Huntington State Bank in Nacogdoches pleaded guilty Friday to making false entries to bank records.
Investigators say Scott in April 2010 falsified records to indicate nearly $7,400 withdrawn from a customer’s account was for a loan payment. Prosecutors say Scott instead used the customer’s money to pay his own home contractor.
Prosecutors say Scott remains free pending sentencing. No date has been set.
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance Expands Data-Center Offering Beyond the US 
BASF Warns Iran War Could Trigger Supply Chain Disruption for Carmakers 
Why Toyota RAV4s Are Suddenly the Most Coveted Used Cars in America 
US, Mexico, Canada to Miss July USMCA Date, Ramping Up Trade Tension 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.