Baltimore-area developer John W. Shilling Jr. has pleaded not guilty to a federal charge of bank embezzlement tied to the alleged theft of $534,207 from four limited partnerships linked to the failed First Federal Savings Bank of Annapolis.
Shilling, 49, of Reisterstown, entered the plea yesterday to Judge Frederic N. Smalkin in U.S. District Court in Baltimore.
Smalkin set a March 2 trial date.
Shilling was charged last month in a one-count criminal information document.
The charging document said Shilling, owner of Crown Development Corp. in Lutherville and several other development companies, embezzled the money in 1989 and 1990 while his firm was a general partner in four limited partnerships with Delta Financial Inc., a First Federal subsidiary.