Fraud Friday – Four Georgia Community Bankers Heading to Prison

June 20, 2014 By Bob Coleman Editor, Coleman Report The FDIC price tag for the failure of Savannah First National Bank was $90 million. Now four Georgia community bankers are heading to jail. Former President & CEO Edward McMath III was sentenced to three and a half years this week, and slapped with a $9.7…

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Fraud Friday — Three Florida Community Bankers Convicted of Bank Fraud

May 23, 2014 By Bob Coleman Editor, Coleman Report Three executives or directors of defunct Coastal Community Bank are facing jail in connection with a failed $3 million loan the bank obtained from another bank during the financial crisis of 2008. Says the DOJ: The case involved a fraud committed against the Government relating to…

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