HOUSTON, Texas — A 62-year-old Houston resident has confessed to laundering proceeds from a large-scale bank fraud scheme, according to U.S. Attorney Nicholas J. Ganjei. William Mills admitted his involvement in a conspiracy from 2014 to 2023 that involved fraudulent loans totaling at least $35 million.
Mills acknowledged opening and maintaining shell companies and bank accounts to collect money from the scheme, which he then laundered by wiring to accounts controlled by co-conspirators. The fraud was executed by submitting loan applications with false information and documents, including fake equipment sales invoices, income tax returns, and financial statements.
U.S. District Judge Keith Ellison will impose sentencing on June 27, where Mills faces up to 10 years in federal prison and a possible $250,000 fine or twice the amount involved in the transaction. Mills will remain in custody pending the hearing…