A former Ionia County bank executive accused of embezzlement has changed his not-guilty plea in federal court.
Michael Joseph Willett entered a plea agreement Wednesday for embezzling bank funds and aggravated identity theft. As part of the deal, he agreed to plead to one count of theft of bank funds and one count of aggravated identity theft in exchange for 14 other counts being dropped.
He could be sentenced to as long as 30 years in prison and fined $1 million.
Willett originally was charged with embezzling more than $200,000 from First Bank of West Michigan, formerly known as Ionia County National Bank. That figure has been amended to theft of $30,000 but not more than $70,000.
This is the same bank former Belding Mayor Shane Husted pleaded guilty to embezzling from. In February, Husted was sentenced to spend 18 months in federal prison.
Willett is expected to finalize the agreement Thursday
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