SALTILLO, Miss. (WTVA) - The former vice president of Renasant Bank in Saltillo has pleaded guilty to federal bank fraud charges.
Max Miller, 53, of Saltillo, entered the guilty plea last week during a hearing in U.S. District Court in Greenville.
Miller and another man faced indictment over fraudulent loans made for wrecker businesses.
The federal indictment states the loans were written in other people's names and totaled more than $722,000.
Investigators said the money was used for personal reasons and not for the purpose stated on the loan.
Seven counts of embezzlement by a bank official were retired to the court file pending completion of the sentence on the bank fraud charge.
Miller will return to court to hear the sentence on June 19.