First National Bank Loan Scandal Leads to Prison Time for Two Men - KCBD NewsChannel 11 Lubbock

8/31/07

First National Bank Loan Scandal Leads to Prison Time for Two Men

Kim Morris Kim Morris

Two of the men involved in the First National Bank illegal loan scandal are going to prison. 

Friday morning, Judge Sam Cummings sentenced Kim Morris to 18 months in prison. Morris pleaded guilty to conspiracy to commit money laundering. Once he gets out, he'll be on supervised release for three years. Morris must also pay $69,000 in restitution.  

Judge Cummings also sentenced Walter Charles Cleveland to six months in prison for misprision of a felony.  After that, he will serve one year supervised release. Cleveland must pay $125,000 in restitution.

Both men are required to report to prison in Big Spring on October 5, 2007.

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