Fugitive pleads guilty in scheme
October 20, 2009
Total Loss:
$7 million
A Park City man behind a three-year fraud scheme that eventually accrued a line of credit of $30 million pleaded guilty Monday to 57 different charges that have been leveled against him in federal court. Jeffrey F. Geddes, who was facing 52 counts of bank fraud, four counts of wire fraud and one count of failing to appear, did little more than mumble "yes" and "guilty" as he stood in front of U.S. District Judge Tena Campbell as she read each count leveled against him. Campbell ordered him to pay around $35,000 in restitution to Zions First National Bank and over $7 million to the Washington state investor he deceived.
Source:
Deseret News
Posted in:
New Account Fraud