Download: RSS | Email Alerts | Text Alerts | Mobile

FOX16 - Little Rock, Arkansas News and Weather

Ex-Little Rock bank exec gets 2½ years in prison

Story Comments

Print Story

Images

(File)

Tags:

fraud

Updated: 9/12/2012 5:47 pm

Published: 9/12/2012 5:44 pm

LITTLE ROCK, Ark. (AP) - A former Little Rock bank executive has who pleaded guilty to bank fraud and other charges has been sentenced to 2½ years in federal prison.

The U.S. Attorney's Office said Wednesday that Kelly Harbert was also ordered to pay seven financial institutions $442,000 and serve a year of supervised release.

Harbert is to report to prison on Oct. 15.

Harbert was a vice president for One Bank and Trust. Prosecutors say she developed a scheme to defraud financial institutions by obtaining funds under false pretenses and then converting the proceeds of the fraudulent loans and lines of credit for personal use.

She could have been sentenced to up to 30 years in prison.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Story Comments

Print Story

2 Comment(s)

Comments: Show | Hide

Here are the most recent story comments.View All

The views expressed here do not necessarily represent those of FOX16 - Breaking News and Weather to Plan Your Day for Little Rock and Central Arkansas

ArkansasYankee - 9/13/2012 11:57 AM

0 Votes

Report User

Not only that itsjustme; I had a brother-in-law that did a couple of years in Federal. More like a summer camp than a prison. Maybe the banker slid some dough under the table to someone? Of course we all know we don't have any dishonest judges or DA's here in AR. LOL

itsjustme - 9/13/2012 7:43 AM

1 Vote

Report User

2 1/2 years out of a possible 30 year sentence.

Click Here to Add Your Comments View All

The links below are paid advertisements. FOX16 is not responsible for their content.

Current Conditions

86°	High: 92° \| Low: 67° Partly Cloudy

Full Forecast