Eric Morton was a vice president at Fifth Third Bank. But now, he’s pleaded guilty to accepting cash bribed to help get risky million-dollar loans approved.
Morton was one of a handful of people who were charged last year on allegations they devised a scheme to get millions on commercial loans for straw buyers.
Businessman Sam Nazzal, who operated G&S Development, is accused of working with Morton to take bribes between 2003 and 2008 to get those loans passed.
Morton has pleaded guilty to taking $20,000.
As part of the deal, Morton will only do about three years in prison. His sentencing is set for Sept. 10.
Nazzal has until October to decide whether to cut a deal or go to trial.