CHARLESTON, SC (WCSC) - Three men, including a former university board member, have pleaded guilty to charges of bank fraud and conspiracy.
Robert Williams, Phillip Mims and Lancelot Wright, a former SC State board member, pleaded guilty to the charges Wednesday afternoon.
Court officials say the charges stem from business dealings the trio had with a housing development in Columbia and a Marion County diaper plant.
During Wednesday's court hearing, it was revealed by prosecutors that the men may have done business with someone charged in another case, with speculation that it may have been someone already charged in the SC State corruption probe.
With the exception of Wright, who court officials say has been cooperating with investigators since 2009, the defendants face a total of 30 years in prison and a $1 million fine.
All three men were released on a $10,000 PR bond.
Wright was a board member at SC State when the university went through a corruption scandal. Former SC State board chairman Jonathan Pinson is accused of using his influence to get the SC State board to sign off on a deal to buy land in Orangeburg County.
Today, the U.S. attorney would not say if Wednesday's pleas are connected to the SC State case.