A former mortgage officer accused of defrauding banks out of $648,000 in loans to pretend farmers has been sentenced to greater than three years in federal jail.
U.S. District Decide Marc T. Treadwell of Macon not too long ago sentenced 33-year-old William Spigener III of Columbus to serve 40 months in jail. Spigener pleaded responsible to conspiracy to defraud a monetary establishment, The Telegraph reported.
The choose additionally ordered Spigener to pay $474,148 in restitution to AgGeorgia Farm Credit score and $174,489 to AgSouth Farm Credit score.
Spigener had accomplices within the scheme — three Macon residents who’ve been convicted of conspiracy to defraud a monetary establishment, authorities mentioned. They haven’t but been sentenced.