ST. LOUIS (AP) -- The former head of the St. Louis County Planning Commission has turned himself in after federal indictment on bank fraud charges.
Prosecutors accuse 65-year-old Douglas Morgan of Chesterfield of misrepresenting his true assets to obtain 15 loans from Commercial Bank from 1999 through 2011. The St. Louis Post-Dispatch reports that he was indicted Tuesday and turned himself in on Friday.
Morgan was a shareholder and advisory board member of the bank. Prosecutors say he still owes the bank roughly $1.5 million on those loans.
Morgan was removed as commission chairman in February. He was also a board member of Missouri Employers Mutual, the state's worker's compensation insurer, and served on the civilian board of the St. Louis Area Major Case Squad.
Morgan's attorney says he will plead not guilty at arraignment Monday.
Information from: St. Louis Post-Dispatch, http://www.stltoday.com
(Copyright 2011 by The Associated Press. All Rights Reserved.)