John Mills of Cabot, who had been fired as CEO of Affiliated Foods Southwest shortly before it went into bankruptcy, waived indictment and pleaded guilty Thursday afternoon to a single count of bank fraud.
The U.S. Attorney’s office said Mills, 59, kited $11.5 million worth of checks, although no dollar amount is included in the information, a charge filed by directly by prosecutors as opposed to an indictment issued by a grand jury. Prosecutors said the amount of loss suffered by U.S. Bank is $7.5 million.
