The former chief financial officer for a kosher slaughterhouse in northeast Iowa has pleaded guilty to conspiring to make false statements to a bank.

Mitchel Meltzer is the latest executive of Agriprocessors Inc. to reach a deal with prosecutors.

Agriprocessors was the site of a May 2008 immigration raid that led to the arrest of 389 illegal workers and eventual charges against former executive Sholom Rubashkin and several managers.

Rubashkin is accused of lying about the value of the plant's collateral so it could get a lone.

Prosecutors say that Meltzer on Monday admitted conspiring with others to make false statements to a bank in connection with requests for advances on a loan. The 50-year-old Postville man faces up to five years in prison.

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