An eastern Nebraska man has pleaded guilty to a federal charge of bankruptcy fraud and faces up to five years in prison when he’s sentenced this summer.

U.S. Attorney Deb Gilg says 57-year-old Ross Boydston, of Creston, pleaded guilty Tuesday.

Gilg says Boydston sold livestock which had been pledged as collateral to American Mortgage Company without notifying the company of the sales and without remitting the proceeds to AMC. Gilg says Boydston also lied about the sales after filing for bankruptcy.

Boydston is set to be sentenced on June 24.