- Associated Press - Saturday, January 31, 2015

LEXINGTON, Ky. (AP) - A former bank officer in central Kentucky has pleaded guilty to embezzling nearly $1 million.

The Lexington Herald-Leader (https://bit.ly/1Clo710 ) reports that Joey Mills, a former officer at United Bank in Versailles, admitted taking the money between February 2012 and January 2014. According to federal court documents, Mills admitted he issued about 30 fictitious loans totaling $983,767.

Mills issued the loans in the names of relatives. Court documents showed many of the loans listed ownership interests in a company as collateral, but those interests didn’t exist. Mills acknowledged he used the proceeds for himself.

His plea agreement said he has repaid some money.

His sentencing was set for May 7. The maximum sentence would be 30 years in prison and a $1 million fine, but it’s unlikely he’ll receive the maximum.


Information from: Lexington Herald-Leader, https://www.kentucky.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide