Cleghorn Defrauded Hometown Bank in Villa Rica of almost $2.5 Million
NEWNAN, GA – S. POPE CLEGHORN, JR., 39, of Villa Rica, Georgia, had been sentenced today by usa District Judge Timothy C. Batten, Sr. to provide 6 years in federal jail on costs of bank fraud RUSSELL that is.Р’ T, 53, of Destin, Florida, formerly pleaded responsible to conspiring with CLEGHORN to defraud the lender.
United states of america Attorney Sally Quillian Yates said of this situation, Corrupt bank insiders wreak havoc in both the organizations they provide as well as on the countrys economy because it strives to recover.Р’ Their place of trust offers them the required access to cause tremendous harm plus the power to conceal their crimes once committed.Р’ This defendant, the President and CEO of the Georgia bank, made bad loans to a crony whom later admitted he paid money kickbacks in return for the unique therapy.Р’ for decades, the defendant took extraordinary efforts to protect up their fraudulence with phony papers and lies, however with todays jail phrase, he’s got now been delivered to justice.
Jon T. Rymer, the Inspector General of this Federal Deposit Insurance Corporation, stated, Today’s sentencing reflects fitting punishment for a previous banker whom violated the trust of their community by participating in unlawful activity.Р’ Such behavior that is fraudulent the overall wellness regarding the bank operating system, in addition to FDIC OIG continues to pursue such offenders, into the interest of ensuring the security and soundness associated with country’s banking institutions.
Р’ CLEGHORN had been sentenced to 6 years in jail become followed closely by five several years of supervised launch, and ordered to cover restitution of $2,424,301.67 to SunTrust Bank, which acquired Hometown Bank in 2008.Р’ he had been additionally bought to do 80 hours of community solution. Читать далее “BANK PRESIDENT SENTENCED TO FEDERAL PRISON FOR 6 YEARS”