Flamboyant Miami banker Abel Holtz is facing a prison sentence and $250,000 fine after pleading guilty this week to charges that he tied to a grand jury investigating the former mayor of Miami Beach.

The 61-year-old Mr. Holtz. who resigned two weeks ago as chairman of Capital Bancorp, pied guilty on Tuesday to one count of obstruction of justice and could face anywhere from 6 to 12 months behind bars, said Wilfredo Fernandez, special counsel to the U.S. Attorney in Miami.

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