A former officer at United Bank in Versailles pleaded guilty Thursday to embezzling nearly $1 million.
Joey Mills admitted that he took the money between February 2012 and January 2014 by issuing about 30 fictitious loans totaling $983,767, according to documents in federal court.
Mills issued the loans in the names of five relatives. Many of the loans listed ownership interests in a company called Fiesta Auto Insurance as collateral, but those interests didn't exist, according to court documents.
Mills acknowledged that he used the proceeds for himself. His plea agreement said he has repaid some money, but it did not say how much.
Court records indicate that Mills has a gambling problem. He was required to remain in treatment for gambling as a condition of being released pending sentencing.
U.S. District Judge Karen K. Caldwell scheduled sentencing for May 7.
The maximum sentence would be 30 years in prison and a $1 million fine, but it's unlikely that Mills will receive the maximum.