Former Bank President Facing 30 Years in Prison
Posted/updated on: July 24, 2012 at 10:33 am
LUFKIN (AP) – A former East Texas bank president faces up to 30 years in 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 Investigators say Scott in April 2010 falsified records to indicate nearly $7,400 withdrawn from a customer’s account was for a loan payment.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. No sentencing date has been set. Prosecutors add Scott remains free pending sentencing.
