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

Albany man got tens of millions in fraudulent loans

Posted: Updated:
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.

Copyright 2012 WALB.  All rights reserved.  

Powered by WorldNow