The defendant pleaded guilty on July 20, 2012, before U.S. Magistrate Judge Zack Hawthorn.
According to information presented in court, on April 18, 2010, Scott was the President of Huntington State Bank, Nacogdoches, Texas. On that date, Scott made a false entry in the bank records by recording on a bank customer's checking withdrawal form that $7,393.19 was withdrawn to pay the customer's loan payment, when in fact Scott used the withdrawn funds to pay his own home contractor.
Scott faces up to 30 years in federal prison at sentencing. A sentencing date has not been set.
U.S. Attorney John M. Bales announced the guilty plea.
This case is being investigated by the FBI and prosecuted by Assistant U.S. Attorney Mary Ann Cozby.