|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.
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