- Associated Press - Thursday, December 17, 2015

HOUSTON (AP) - An ex-banker in Houston faces up to five years in prison for helping a man with only $100 in his account secure a $2 million loan that later went into default.

Jason F. Meadors pleaded guilty Wednesday to conspiracy to commit bank fraud.

Meadors in 2006 worked for Bank of Texas and helped a man seeking $100,000 increase the request to get $2 million.

Prosecutors say the man, who faces charges in the case, falsely claimed to have $9 million in assets, when his true balance was $100. The indictment says he defaulted on the $2 million loan.

Meadors later worked at Third Coast Bank in Houston. Prosecutors say Meadors didn’t tell his bosses about knowing the applicant and prior fraud allegations when the man sought a $1.2 million loan.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More

Click to Hide