An Asheville pastor faces five years in prison for his part in a scheme to defraud a local bank by using so-called "straw borrowers" to get $825,000 in loans.
Reports say that Nicholas Dimitris pleaded guilty to a conspiracy charge in federal court last month.
Dimitris admitted to being part of a scheme to use straw borrowers, or stand-ins for the real recipients, to get loans from Pisgah Community Bank.
The 37-year-old is the pastor of C3 Church in Asheville. A call to his lawyer, Ronald True, was not immediately returned Tuesday.
Along with a maximum of five years in federal prison, Dimitris could also face a fine of up to $250,000.
It wasn't immediately clear Tuesday if a sentencing date has been set.
Copyright 2014 by The Associated Press. All Rights Reserved.