Fugitive gambled thousands before arrest
June 5, 2009
Total Loss:
$5 Million
Jeff Geddes was supposed to appear before a federal judge in March to be sentenced on 56 counts of bank and wire fraud in connection to steps he took to get a $30,000,000 line of credit from Zion's Bank. Geddes told the bank he was working on a deal to sell imported stone from India to home repair giant, The Home Depot. Based on that information, the bank extended the credit, but the deal evaporated and Geddes continued to spend money on exotic cars and multi-million dollar homes.
Source:
KUTV
Posted in:
New Account Fraud