Former Georgia bank executives guilty of fraud - KMSP-TV

Former Georgia bank executives guilty of fraud

Posted: Updated:

BRUNSWICK, Ga. (AP) - Four former First National Bank executives have pleaded guilty to using manipulated loans to defraud the bank out of millions of dollars.

The failed loans cost the bank more than $90 million and the bank failed in late June of 2010. Prosecutors have said bank's executives either resigned or were terminated as the scheme began to unravel.

The Savannah Morning News reports 44-year-old Jeffrey Allen Farrell, 53-year-old Isaac Mulling, 65-year-old Stephen Michael Little and 51-year-old Robert Wilson Dailey all appeared in federal court last week and pleaded guilty.

Each man is free on bond and a sentencing date hasn't been set.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • More Local NewsMore>>

  • #IMREADY Fulton storm spotter training

    #IMREADY Fulton storm spotter training

    Thursday, April 24 2014 7:03 PM EDT2014-04-24 23:03:42 GMT
    Atlanta-Fulton Emergency Management Agency is inviting residents to become trained storm spotters.The AFCEMA will host a free “SKYWARN” training program on Wednesday.
    Atlanta-Fulton Emergency Management Agency is inviting residents to become trained storm spotters.The AFCEMA will host a free “SKYWARN” training program on Wednesday.
  • Teachers in beating video deny wrongdoing

    Teachers in beating video deny wrongdoing

    Thursday, April 24 2014 6:06 PM EDT2014-04-24 22:06:56 GMT
    A video showing explosive interactions with special needs students is causing outrage towards an Atlanta Public School.
    A video showing explosive interactions with special needs students is causing outrage towards an Atlanta Public School.
  • Man who shoots alleged car thief facing murder charges

    Man who shoots alleged car thief facing murder charges

    Thursday, April 24 2014 4:24 PM EDT2014-04-24 20:24:40 GMT
    DeKalb County Police have charged a man with murder after he allegedly shot and killed a suspected car thief.
    DeKalb County Police have charged a man with murder after he allegedly shot and killed a suspected car thief.
Powered by WorldNow

KMSP-TV
11358 Viking Drive
Eden Prairie, MN 55344

Phone: (952) 944-9999
Fax: (952) 942-0455

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices