Northern Neck man pleads guilty to $2.4 million in bank fraud at Primis
James Stevens, a former Primis employee, is facing a sentence of up to 30 years in federal prison after pleading guilty to bank fraud.
The 46-year-old man from Weems worked for the bank from 2002 to 2023, although, over that period, the bank was sold several times and operated under different names.
According Stevens' own admission in federal court documents, from about 2008 up until his departure from Primis in 2023, he was exploiting his position to get money for himself, for others, and to pay fraudulent loans he was making at the bank.
Stevens last position at the bank was as commericial lender. His “primary method” of fraud was issuing loans in other people’s names, the court documents state.
For example, he admitted that he originated at least $530,000 in loans in the nam...
