Albany man got tens of millions in fraudulent loans - WALB.com, South Georgia News, Weather, Sports

Albany man got tens of millions in fraudulent loans

ALBANY, GA (WALB) -

A man who used to live in Albany pleads guilty to bank fraud and aggravated identity theft.

Prosecutors say 63 year-old Sidney Hall fraudulently obtained 70 loans worth $2.8 million dollars from seven banks to buy an airplane. They say he failed to repay approximately $2.7 million of that money.

He promised the plane as collateral to all the banks.

Hall will be sentenced in February.

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