September 3, 2003 - Posted at: 8:45 a.m. CDT
ST. LOUIS, Mo. -- A southeast Missouri man has pleaded guilty to a federal embezzlement charge.
The U.S. Attorney's office says Martin Herrington, 44, of Kennett, pleaded guilty yesterday in court in St. Louis.
Herrington was a loan officer for First National Bank of Malden.
From September 2001 to September of last year, he prepared 23 fictitious loans totaling nearly $800,000. He then applied the loans' proceeds to his personal account.
Herrington faces a maximum punishment of 30 years in prison and a one million dollar fine on each of seven counts. Sentencing is set for December third.