Former Meat Company Executive Sentenced for Loan Fraud

TYLER � A 60-year-old former meat company executive from Tyler has been sentenced to federal prison for making false statements on a loan application. Bobby Gene Loggins pleaded guilty on Dec. 5, 2013, to making false statements to a bank. He was sentenced to 51 months in federal prison on July 22 by U.S. District Judge Leonard E. Davis of Tyler. Loggins was also ordered to pay restitution in the amount of $2,773,371.52.

According to information presented in court, Loggins was affiliated with Loggins Meat Company (LMC) in Tyler for more than 30 years. During most of that time, Loggins served as President and Chief Executive Officer of LMC. The company was founded in 1940 by Loggins� father and operated as a wholesaler, retailer, and processor of meat and meat products. In March 2009, Loggins applied to Bank of Tyler for a revolving line of credit. In connection with the loan application, Loggins provided fraudulent financial information for LMC. Following approval of the loan, Loggins continued to provide false financial data when seeking advances on the credit line. Ultimately, LMC ceased operations in about August 2010.