- Associated Press - Tuesday, February 11, 2014

ABERDEEN, Miss. (AP) - The sentencing of DeSoto County developer James M. Harris Jr. is now scheduled for March 25 in federal court in Aberdeen.

Harris was pleaded guilty plea last year to one count of loan and credit application fraud. Harris faces a maximum of 30 years in prison and a $1 million fine. Harris remains free on $5,000 bond.

Harris had been scheduled for sentencing last month. U.S. District Judge Sharion Aycock granted defense motion for a new sentencing date because of discrepancies over a payment amount in connection with Harris‘ plea arrangement.

Prosecutors say Harris made false statements to Citizens National Bank in Olive Branch so he could draw money from a $5 million loan for drainage work at a subdivision that his company never completed.

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