CEDAR RAPIDS, IOWA (AP) -- The former chief financial officer at Agriprocessors Inc. has pleaded guilty to a charge that he conspired to make false statements to a bank.
Fifty-year-old Mitchel Meltzer of Postville entered plea Monday in U.S. District Court in Cedar Rapids.
Prosecutors say Meltzer admitted that he conspired with others to make false statements to a bank in connection with requests for advances on a loan.
Meltzer remains free on bond until his sentencing. He faces a maximum five-year prison sentence, a $250,000 fine and three years of probation.
Agriprocessors was the site of a May 2008 immigration raid that led to the arrest of 389 illegal workers and eventual charges against former executive Sholom Rubashkin and several managers.
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