A former Renasant bank vice president and a Baldwyn man are both charged with a fraud scheme that could cost the bank millions of dollars.
53 year old Banker Max Miller faces an eight count indictment of bank fraud and theft by a bank officer while Baldwyn resident 51 year old James R “Pete” Nichols faces a sole count of bank fraud.
Federal prosecutors say while working in the Saltillo office Miller approved over 1 point three million dollars in loans for various people when in reality the loans went to Nichols for his own personal use.
In the other 7 counts. Miller is accused of making loans using other peoples identities and pocketing over $144,000 for himself.
Miller pleaded not guilty to the charges Monday in U.S. Federal court in Aberdeen. He has not been employed by Renasant for several years.
Read the full indictment here