Watch Gulfport Mayor Brent Warr's announcement not to seek re-election

GULFPORT, MS (WLOX) - Gulfport Mayor Brent Warr, who is under indictment on several counts of Katrina fraud, will not run for re-election.

Late Tuesday afternoon, the mayor's office released a videotaped message where Warr explained his decision.

Warr and his wife Laura are accused of defrauding the government and an insurance company over losses they suffered during Hurricane Katrina. The government alleges the couple did not live in their beachfront home prior to Katrina. The Warrs say they did.

Meanwhile, the recently retired CEO of Hancock Bank, George Schloegel, has called a news conference for 6:30pm Tuesday evening. He's expected to announce his own plans to run for mayor in Gulfport.