MACON, Ga. (AP) — 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 lately 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 decide 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.
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