- Associated Press - Tuesday, February 28, 2017

GREAT FALLS, Mont. (AP) - The 52-year-old former president of a failed restaurant group has pleaded guilty to federal bank fraud charges.

The Great Falls Tribune reports (https://gftrib.com/2l9G0yt) that Ken Hatzenbeller pleaded guilty before U.S. District Judge Brian Morris in Great Falls on Tuesday.

Prosecutors accused him of lying to a Utah bank about how he intended to spend the $500,000 loan granted to him in September 2014.

His sentencing is set for May 18, where he could potentially be sentenced to 30 years in prison and a $1 million fine.

Hatzenbeller has been granted supervised release until his sentencing hearing.

___

Information from: Great Falls Tribune, https://www.greatfallstribune.com

LOAD COMMENTS ()

 

Click to Read More

Click to Hide