A Tennessee man who pleaded guilty last July to one count each of bank fraud and aggravated identity theft was sentenced Thursday in federal court to spend the next 40 months in prison.

Stanley Parker, 58, of Memphis was indicted May 8, 2019, by a grand jury on six counts of bank fraud, one count of aggravated identity theft and one count of misuse of a Social Security number. He pleaded guilty to the two counts July 6 in exchange for the government’s agreement to dismiss five of the bank fraud counts and the misuse of a Social Security number count. Parker is accused of defrauding Regions Bank out of approximately $43,500 between April 21, 2018 and May 16, 2018.

Under federal sentencing guidelines, Parker’s recommended sentencing range for the bank fraud count was 27 to 33 months in prison, a term of supervised release between two and five years and a fine ranging from $4,000 to $1 million. The aggravated identity theft count carries a mandatory consecutive two-year prison term.

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