In Alexandria, Louisiana, 56-year-old William Everett Nichols has been indicted and arrested on federal charges involving bank fraud.

Western District of Louisiana Federal Grand Jury had returned a two-count indictment charging Nichols with one count of conspiracy to commit bank fraud and one count of bank fraud, on July 23rd of this year.  Nichols, the President and sole shareholder of First Fidelity Mortgage, Inc., allegedly knowingly and willfully conspired to devise a scheme to defraud Sabine State Bank and obtain money which he was not entitled.  Fraudulent notes with forged signatures and notaries public were prepared by Nichols and others, which…