East Texas Businessman guilty of loan fraud - KYTX CBS 19 Tyler Longview News Weather Sports

East Texas Businessman guilty of loan fraud

Posted: Updated:
U.S. Attorney's Office/Eastern District of Texas:

SMITH COUNTY (KYTX) - A 58-year-old Tyler, Texas man has pleaded guilty to federal violations in the Eastern District of Texas, announced U.S. Attorney John M. Bales. 
         
Bobby Gene Loggins pleaded guilty to an Information charging him with making false statements to a bank today before U.S. Magistrate Judge John D. Love.
 
According to information presented in court, Loggins has been affiliated with Loggins Meat Company (LMC) in Tyler for more than 30 years.  During most of that time, Loggins served as President and Chief Executive Officer of LMC. 

The company was founded in 1940 by Loggins' father and operates as a wholesaler, retailer, and processor of meat and meat products. 

In March 2009, Loggins applied to Bank of Tyler for a revolving line of credit.  In connection with the loan application, Loggins provided fraudulent financial information for LMC.  Following approval of the loan, Loggins continued to provide false financial data when seeking advances on the credit line.  Ultimately, LMC ceased operation in about August 2010. 
 
Loggins faces up to 30 years in federal prison and a fine of up to $1 million.  A sentencing date has not been set.
 
This case is being investigated by the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Frank Coan.
  • Local NewsMore>>

  • Tyler Police searching for early morning robber

    Tyler Police searching for early morning robber

    Tyler Police searching for early morning robber

    Monday, April 21 2014 5:53 PM EDT2014-04-21 21:53:35 GMT
    Tyler Police need your help finding an early morning robbery suspect. A woman says a robber tackled her to the ground and stole her purse. More >>
    Tyler Police need your help finding an early morning robbery suspect. A woman says a robber tackled her to the ground and stole her purse. More >>
  • Cherokee County woman found dead in driveway, husband charged with murder

    Cherokee County woman found dead in driveway, husband charged with murder

    Monday, April 21 2014 5:31 PM EDT2014-04-21 21:31:33 GMT
    Cedric Dewayne ThompsonCedric Dewayne Thompson
    CHEROKEE CO. (KYTX) - On Sunday April 20, 2014 at approximately 9:35am Kayla Nicole Thompson (27 years of age) was found deceased in the driveway of her residence, located in the 1500 block of County Road 3201 just West of Lake Jacksonville.More >>
    CHEROKEE CO. (KYTX) - On Sunday April 20, 2014 at approximately 9:35am Kayla Nicole Thompson (27 years of age) was found deceased in the driveway of her residence, located in the 1500 block of County Road 3201 just West of Lake Jacksonville.More >>
  • ETX Deacon arrested for 1981 Pennsylvania homicide

    ETX Deacon arrested for 1981 Pennsylvania homicide

    Monday, April 21 2014 4:34 PM EDT2014-04-21 20:34:38 GMT
    HARRISBURG, PA. (KYTX) - U.S. Marshal Martin J. Pane announced today the U.S. Marshals Service arrested a Pennsylvania fugitive in Texas who was wanted for more than 30 years on a 1981 murder charge.More >>
    HARRISBURG, PA. (KYTX) - U.S. Marshal Martin J. Pane announced today the U.S. Marshals Service arrested a Pennsylvania fugitive in Texas who was wanted for more than 30 years on a 1981 murder charge.More >>
Powered by WorldNow

CBS19, MYTX & KCEB
2211 ESE Loop 323
Tyler, TX 75701
Phone (903) 581-2211
Fax (903) 581-5769

Powered by WorldNow
All content © Copyright 2004 - 2014, WorldNow and KYTX, Owned and Operated by London Broadcasting Company.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.