Ex-Moss Point alderman pleads guilty to bank fraud
Published 7:07 pm Monday, December 11, 2006
Former Moss Point Alderman Al Bodden will be sentenced March 6 after pleading guilty to one count of bank fraud in federal court in Gulfport.
Bodden, 38, entered the plea Thursday before U.S. District Judge Louis Guirola. Bodden was indicted in August on six counts of aggravated identity theft, six counts of bank fraud and one count of witness tampering for dealings he allegedly engaged in while he was owner of Al Bodden’s Supercenter in Moss Point.
The car dealership was closed shortly after Bodden’s Aug. 14 arrest.
Bodden could face up to 30 years in prison and be fined $1 million for the one count of bank fraud.
Bodden was elected to the board of aldermen in 2005. He resigned Thursday. State law bars a convicted felon from holding public office.
Specifically, Bodden was accused of creating, falsifying and submitting bank loan applications to obtain $127,903 over a four-month period from AmSouth Bank in Jackson and Navigator Federal Credit Union.
Prosecutors said Bodden stole the names, addresses and driver’s license numbers of the victims, who noticed their identities had been stolen only after submitting a loan application for a car and not receiving it or after they were unable to obtain titles for their cars.
One of those loans was worth $26,000, and Bodden also allegedly paid that victim $2,000 to keep him from reporting the fraud to the FBI.