Manufactured home dealer pleads guilty to fraud
Posted July 30, 2010
Wilmington, N.C. — The owner of a Smithfield manufactured homes dealer has pleaded guilty to fraud charges, federal authorities said Friday.
Harold Aubrey Overby, 44, of Goldsboro, pleaded guilty Wednesday to conspiracy to commit mail, wire and bank fraud. He will be sentenced in November, when he faces up to five years in prison and a fine of up to $250,000.
Overby, the president of Hunter Creek Homes, defrauded Southern Bank and Trust between January 2004 and November 2006 by supplying fake documents related to his customers' construction loans, authorities said. He then converted the loans provided by the bank for his personal use.
He also provided false information about his own income, debt and collateral to secure three other loans, authorities said.
The bank lost more than $300,000 in the transactions, authorities said.