Four Greenwood men who pleaded guilty in connection to a borrowing scheme that took more than $10 million from local banks will have their sentencing hearing Monday in Greenville.

Kevin Dempsey, Henry Dorn, Jody Hazel and John Harrison Jr. were indicted by a grand jury in November and were charged with defrauding banks under false pretenses. According to an indictment, the four ran a borrowing scheme were the others agreed to help Harrison get loans in exchange for a 3 percent cut.

The four pleaded guilty May 10 to conspiracy to commit bank fraud, according to an earlier release from the Department of Justice. U.S. District Judge Bruce Hendricks accepted the pleas, and decided to sentence the four after reviewing the U.S. Probation Office’s report on the case.

The four could face fines of up to $1 million and 30 years in prison.