Convicted Bank Officials Update

Federal prosecutors are trying to make sure three convicted bank officials are able to pay more than 3 million dollars in restitution, when they're sentenced in two weeks.

A jury convicted Terry Dubose, Frank Baker, and Woody West earlier this year of bank fraud.

They defrauded the FDIC out of more than three million dollars, while operating Coastal Community Bank.

Not only to they face prison time but Judge Richard Smoak is expected to order the men to pay back that money.

Anticipating that order, federal prosecutors are asking Judge Smoak for a restraining order preventing Dubose, Baker and West from disposing of their real estate holdings, their bank accounts, their vehicles, and other personal assets.

Their attorneys are strongly objecting to that request.

Sentencing is set for July 17th.


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