SAVANNAH, Ga. (AP) -- A former executive pleaded guilty in a fraud scheme that contributed to the failure of a Georgia bank three years ago.<br />
Authorities say 63-year-old Jay Patrick Gardner entered the plea in federal court in Savannah on Friday.<br />
Gardner was a vice president of the First National Bank of Savannah, which regulators shut down in June 2010.<br />
The Savannah Morning News ( http://bit.ly/1bp468z ) reports that Gardner admitted his involvement in a $74,000 loan which federal prosecutors say was part of a scheme to cover financial problems for a real estate developer.<br />
Gardner is one of seven former First National officers named in a 35-count indictment. He has agreed to cooperate with prosecutors.<br />
The six remaining defendants are set for trial Dec. 4. Each has pleaded not guilty.
Ten months to next year's midterm elections, Democrats are determined to make Congress' slim production of fewer than 60 laws and plenty of incompletes - on immigration, gun control, tax reform and basic spending bills - a defining issue, heaping much of the blame on the GOP-led House for obstructing President Barack Obama's second-term agenda.
U.S. home prices rose in October from the previous year at the fastest pace in almost eight years. But price gains slowed in most U.S. cities from September to October, suggesting the increases are leveling off.
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