MITCHELL, S.D. (AP) - A Mitchell man accused of bank fraud is negotiating a plea agreement with federal prosecutors.
Forty-eight-year-old William D. Weier was indicted in January in federal court for allegedly attempting to defraud First National Bank South Dakota in Mitchell.
Weier's attorney, Timothy J. Langley, has asked for an extension to a plea agreement deadline. A jury trial scheduled for later this month could be avoided if an agreement is reached.
Weier allegedly sold vehicles he purchased with a $250,000 loan from First National Bank, but did not provide proceeds from the sales to the bank as stipulated in the loan agreement.
Weier is out of custody on bond. He faces a maximum of 30 years in prison and a $1 million fine.