In January Roberts plead guilty to a federal bank fraud charge stemming from fraudulent statements he made between 2008 and 2010 to draw hundreds of thousands of dollars from a $5 million loan he and fellow Southaven developer James M. Harris received to develop Cherry Hill subdivision near Rasco and Swinnea roads.
The subdivision was never built.
Seventeen different fraudulent statements were made by Roberts to obtain checks on the loan. Most of the documents indicate he did it under the guise of money needed for drainage improvements in the subdivision.
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