A contractor in Louisiana has pleaded guilty in federal court for his role in a $22 million bank fraud scheme.
The U.S. Attorney's office said in a news release that 44-year-old Jeffrey Dunlap of Slidell pleaded guilty Wednesday to conspiracy to commit brank fraud.
The scheme involved First NBC Bank of New Orleans.
The bank failed in April 2017.
Dunlap owns Phoenix Civil Contractors and his plea agreement calls for a sentence of between five years and seven years in prison. Dunlap could also be ordered to pay restitution. Sentencing is scheduled Jan. 16.
Dunlap was charged in May in documents that also linked the bank's president, as well as someone who co-owned businesses with the bank president, to the scam. Neither was named in court documents.