- 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.

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