MARSHALL, Texas – A 33-year-old Marshall, Texas man has pleaded guilty to federal charges in the Eastern District of Texas, announced U.S. Attorney John M. Bales today.

John Michael McConnell pleaded guilty to wire fraud today before U.S. Magistrate Judge Roy S. Payne.

                According to information presented in court, from August 2010 to September 2010, McConnell engaged in a scheme to defraud MB Trading by making false material representations in an online application for a trading account and by emailing a fictitious bank statement to MB Trading.  McConnell was indicted by a federal grand jury on Oct. 5, 2011 and charged with wire fraud.

McConnell faces up to 20 years in federal prison.  A sentencing date has not been set.

              This case is being investigated by the FBI and prosecuted by Assistant U.S. Attorney Mary Ann Cozby.

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