This week, 47-year-old Scott William Halterman of Myrtle Beach,pled guilty in federal court to bank fraud.
Halterman was a partner with T.B. Consulting & Billing in Myrtle Beach, and had access to two business checking accounts at BB&T and one at First Federal Bank.
In July 2007, Halterman began kiting checks between the three accounts by writing checks on one account and depositing them into another account, although there were insufficient funds in the first account to cover the checks. Halterman would then use the credit given on the check to withdraw funds from the depositing bank.
BB&T had a negative balance of $199,250.00 when the scheme was discovered.
The maximum penalty Halterman can receive is a fine of $1 million and 30 years in prison.
United States District Judge R. Bryan Harwell will sentence Halterman at a later date.
The case was investigated by agents of the United States Secret Service. Assistant United States Attorney William E. Day, II, of the Florence office handled the case.
