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Investigators say Scott in April 2010 falsified records to indicate nearly $7,400 withdrawn from a customer’s account was for a loan payment.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.
Berkshire Utility Presses Wildfire Appeal With Billions at Stake 
Hackers Hit Sensitive Targets in 37 Nations in Spying Plot 
Tesla Sued Over Crash That Trapped, Killed Massachusetts Driver 
FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.