GREAT FALLS, Mont. (AP) - The 52-year-old former president of a failed restaurant group has pleaded guilty to federal bank fraud charges.
The Great Falls Tribune reports (https://gftrib.com/2l9G0yt) that Ken Hatzenbeller pleaded guilty before U.S. District Judge Brian Morris in Great Falls on Tuesday.
Prosecutors accused him of lying to a Utah bank about how he intended to spend the $500,000 loan granted to him in September 2014.
His sentencing is set for May 18, where he could potentially be sentenced to 30 years in prison and a $1 million fine.
Hatzenbeller has been granted supervised release until his sentencing hearing.
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Information from: Great Falls Tribune, https://www.greatfallstribune.com
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