Former Mississippi State Senator Tommy Robertson, a former attorney for the board of directors of the $194 million Singing River Federal Credit Union, pleaded guilty in Jackson County Circuit Court Monday to embezzling more than $375,000 from the Moss Point, Miss.-based cooperative.
Robertson's case was turned over to the Mississippi Department of Corrections' Probation and Parole Office to conduct a presentencing report, according to Willa Witchen, deputy Clerk of Courts for Jackson County Circuit Court in Pascagoula.
A sentencing hearing has not been scheduled, Witchen said.
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In January, Robertson, 59, faced five counts of embezzlement. Four counts were dropped in exchange for his guilty plea, according to the Clerk of Courts office.
He used his position as a board attorney for the credit union to embezzle $379,000 from a $484,092 residential construction loan, which he held in trust for the purpose of distributing the funds in accordance with the applicable loan statements, according to the Jackson County District Attorney's office and the Mississippi Office of the State Auditor.
Robertson stole the money from the residential construction loan in April 2013 to pay his own debts, according to local media reports.
Robertson served in the Mississippi State Senate from 1992 to 2008.
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Peter Strozniak
Credit Union Times reporter covering credit union operations, fraud, M&As, leagues, business continuity, and breaking news.
