CEDAR RAPIDS, Ia. (WDHN) — President and CEO of Visit Dothan, Aaron McCreight, has pleaded guilty in court to federal bank fraud charges, according to the U.S. District Court of Northern Iowa.

According to court records, McCreight, along with Doug Hargrave an associate of McCreight’s who pleaded guilty on charges of bank fraud on Wednesday, have both pled guilty to bank fraud.

The previous indictment stated that Aaron McCreight, who was CEO of Go Cedar Rapids (GoCR) in 2018, was involved in overseeing, planning, and loans related to a music festival called Newbo Evolve.

According to court records, McCreight is accused of being involved in fraud that saw Newbo Evolve lose over $2 million.

McCreight remains free from custody pending his sentencing hearing.

This is a developing story. Stay with WDHN News