Former Banker Sentenced to a Decade in Federal Prison for Conspiring to Defraud Bank
May 17, 2011
Total Loss:
Multi-Million Dollar
ROBERT RANDAL JONES, 50, of Cornelia, Georgia, was sentenced today by United States District Judge William C. O’Kelley to serve 10 years in federal prison for orchestrating a conspiracy to defraud Community Bank & Trust (“CB&T”). Three other co-defendants were also sentenced today for their participation in the scheme.
United States Attorney Sally Quillian Yates said, “Bank fraud is a critical problem affecting the whole country, but it has hit Georgia especially hard. Georgia leads the country in bank failures recorded since 2008, with 52 banks failing—including CB&T, the bank this defendant defrauded. Prosecuting bank fraud continues to be one of the major...
Source:
FBI
Posted in:
Internal Fraud
Deposit Account Fraud
Collusive Networks