A judge has pushed back by one day the sentencing of a 50-year-old former Cornelia bank executive who pleaded guilty to using customers and family members to orchestrate a multimillion-dollar fraud conspiracy.

Prosecutors and defense attorneys for Randy Jones and three other defendants spent much of the day Tuesday in pre-sentencing motions over how much restitution the four could be ordered to pay and how much prison time they could face.

Jones could face more than 12 years in prison when he is sentenced Wednesday under the guidelines adopted by the federal judge.

He pleaded guilty in January to receiving kickbacks for real estate loans while he was an executive vice president at Community Bank & Trust, the failed Cornelia-based bank where he worked for 30 years.

The three other defendants are charged with working with Jones to defraud the bank with various land scheme deals.

They could each face several years behind bars.

Joseph C. Penick Jr., 50, of Cornelia and Douglas C. Emig, 55, of Clarkesville each pleaded guilty in August to one count of conspiracy to commit bank fraud.

Additionally, Berrong Moulton, 44, of Cleveland pleaded guilty in September to the same crime.

Jones is the most prominent defendant.

He is accused of taking more than $770,000 in kickbacks for phony land deals, using the names of family members without their consent to obtain more than $800,000 in loans from the bank and approving more than $2.8 million in loans to fraudulent borrowers.

Jones resigned from the bank in July 2009. Federal investigators closed CB&T six months later. Soon after, Columbia, S.C.-based South Carolina Bank and Trust bought the institution.

Times staff contributed to this report.