Man Allegedly Drains $3,000,000 From Bank Using Fraudulent Identities, Friends, Family and an Insider
The US government said a 56-year-old Georgia man uses friends, family and an insider who steal more than $ 3 million from a local bank.
Ronnie Atkinson of Macon, Georgia, who owns his own logging company, is accused of conspiring a high executive rank at a community bank through “material false and deceptive pretensions, representations, and promises,” local CBS-NA-affiliate 13WMazz Report.
Prosecutors say Atkinson has friends and relatives who act “borrowers of straw,” or people with good credit history applying for loans to transfer funds to those who do not. Those applications were intended to benefit Atkinson, and the high rank of bank employee was aware of the scheme but the loans were still approved, according to the charges.
Atkinson was also accused of giving the bank's fake bills for the plugging equipment he should need with loans. Some bills are true but have recorded prices, and others are perfectly made of things that have not been purchased. One of the documents provided was a real bill for $ 56,000, but Atkinson was able to get a loan of $ 149,500 for it, prosecutors were said to be.
Says documents in court,
“(The president of the market) thus let Atkinson exceed its $ 500,000 lending limit without proper approved by showing that these loans belong to other (people) … (the president of the market) also does not seek the necessary approval for loans (Atkinson) graded substandards.”
A Grand Jury decides with enough evidence to charge Atkinson with a conspiracy to make bank fraud and identity theft. He faced up to 30 years in prison and a $ 1 million fine. The government is also seeking to occupy any of its possessions as a result of fraud.
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