Another Guilty Plea in Bank of Oswego Probe

A financial adviser whose brother was a vice president at the Bank of Oswego has pleaded guilty as part of the federal investigation into the bank.

Greg Walsh admitted to persuading a woman to make loans to the company under misleading terms and never repaying the loans.

His guilty plea - to a county of conspiracy to commit wire fraud - was first reported by The Oregonian, which has reported extensively on the investigation.

Greg's brother, Geoff pleaded guilty last year to related charges.

Sentencing for Greg is set for August 8. Geoff's sentencing has not yet been set.

Two other Bank of Oswego executives are scheduled to go on trial in federal court in November.