LR Developer Steve Clary Pleads Guilty to Mail Fraud

by Gwen Moritz  on Thursday, Feb. 7, 2013 6:40 pm  

Steve Clary pleaded guilty to a single count of mail fraud in a plea deal with federal prosecutors over his misuse of the proceeds of a bank loan.

Roger Stephen "Steve" Clary pleaded guilty Thursday to a single count of mail fraud, admitting that he misused almost $1.6 milion of a $4.5 million loan he received from Bank of America Leasing Capital in 2008. Four other federal felony counts were dismissed.

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