By Associated Press - Wednesday, December 16, 2015

BATON ROUGE, La. (AP) - A 68-year-old Baton Rouge man has pleaded guilty in a federal bank fraud case.

U.S. Attorney Walt Green’s office says Shedrick Mayweather pleaded guilty to conspiracy to commit bank fraud.

Green’s Tuesday news release says Mayweather, who was a tax preparer, admitted accepting money to prepare fraudulent documents.

Prosecutors said Mayweather created fraudulent wage and tax statements, balance sheets, profit and loss statements and tax returns. The scheme went on from 2004 until 2011. And the fraudulent documents were submitted to financial institutions in the Baton Rouge area to obtain loans and lines of credit worth a total of around $3 million.

A plea agreement filed in the case Tuesday says Mayweather agreed to cooperate in an ongoing investigation. He faces a maximum possible prison sentence of 30 years.



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