A 56-year old Georgian man stole over $3,000,000 from a local Georgia bank using friends, relatives and an insider.
Ronnie Atkinson from Macon in Georgia who runs his own logging business is accused by 13WMAZ, a local CBS affiliate, of conspiring to defraud a senior executive of a community banking institution through “materially fraudulent and false pretenses and representations and promises.”
Atkinson allegedly had his friends and family act as “straw-borrowers,” which is to say, people who have good credit histories who borrow money to give to others who do not. According to charges, the applications were intended to help Atkinson. The high-ranking employee of the bank was aware of the plan but still approved the loans.
Atkinson was also accused of creating fake invoices for the logging equipment that he claimed he needed a loan for. Other bills had inflated prices and some were completely faked for items that weren’t even bought. Atkinson allegedly obtained a $149,500 loan for a bill that was worth $56,000.
Says court documents,
The market president did not obtain the necessary approvals for the substandard loans of Atkinson. )…
Atkinson was charged with identity theft and conspiracy to commit fraud by bank after a grand jury found enough evidence. Up to 30 years of prison time and $1 million in fines are possible for Atkinson. He could face up to 30 years in prison and a $1 million fine.
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Sources of Images include Pixabay Creative Commons & Midjourney
As new information becomes available, this post, Man Allegedly Drains 3,000,000 from Bank using Fraudulent Identity, Friends, family and an Insider, may change.
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