Sidney Hall to be sentenced in bank fraud case - WALB.com, South Georgia News, Weather, Sports

Hall to be sentenced in May for bank fraud

A federal judge will sentence Hall sometime Thursday A federal judge will sentence Hall sometime Thursday
Hall used an aircraft as collateral for multiple loans Hall used an aircraft as collateral for multiple loans
ALBANY, GA (WALB) -

On May 9th, we'll find out if an Albany man will face prison time and a hefty fine after he robbed several southwest Georgia banks of almost $3 million.

You might remember the story about a licensed aircraft broker and former Marine who stole tens of millions of dollars from seven different banks in southwest Georgia.

Back in December, 63-year-old Carrollton-native Sidney Hall pled guilty to bank fraud and aggravated identity theft after the FBI found about a long-time scam he was conducting throughout Georgia.

Hall was formerly the owner and proprietor of "Sid Hall Enterprises" and during that time he fraudulently obtained 70 loans worth $2.8-million from seven banks to buy an airplane, and failed to repay nearly all the money.

According to his plea agreement, Hall forged the signature of a bank officer and convinced several banks that they were lending him money for an aircraft that had already been used as collateral for other loans.

Hall's charge of bank fraud carries a maximum of 30 years in prison, a $1 million fine, and five years of supervised release.

One top of that, the aggravated identity theft change carries a mandatory minimum of two years prison time, a $250,000 fine, and one year of supervised release.

Copyright 2013 WALB.  All rights reserved.  

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • American Red Cross preparedness tips ahead of flash flooding

    American Red Cross preparedness tips ahead of flash flooding

    Sunday, May 27 2018 12:12 AM EDT2018-05-27 04:12:40 GMT
    The American Red Cross said they are prepare before the storms hit. (Source: WALB)The American Red Cross said they are prepare before the storms hit. (Source: WALB)
    The American Red Cross said they are prepare before the storms hit. (Source: WALB)The American Red Cross said they are prepare before the storms hit. (Source: WALB)

    Here in Southwest Georgia the American Red Cross has been working the last couple of days to prepare for the storm.  The American Red Cross has been getting their relief supplies ready across the 19 county region.  

    More >>

    Here in Southwest Georgia the American Red Cross has been working the last couple of days to prepare for the storm.  The American Red Cross has been getting their relief supplies ready across the 19 county region.  

    More >>
  • Albany fraternity chapter holds blood drive for Memorial Day

    Albany fraternity chapter holds blood drive for Memorial Day

    Sunday, May 27 2018 12:04 AM EDT2018-05-27 04:04:00 GMT
    Psi Delta Tau held their first blood drive in Albany Saturday. (Source: WALB)Psi Delta Tau held their first blood drive in Albany Saturday. (Source: WALB)
    Psi Delta Tau held their first blood drive in Albany Saturday. (Source: WALB)Psi Delta Tau held their first blood drive in Albany Saturday. (Source: WALB)

    With Memorial Day around the corner, one Southwest Georgia military fraternity decided to host a blood drive in honor of fallen soldiers and to give back to the community.  Psi Delta Tau Military Fraternity Incorporated held the event at a neighborhood Wal-Mart to help those in need.  

    More >>

    With Memorial Day around the corner, one Southwest Georgia military fraternity decided to host a blood drive in honor of fallen soldiers and to give back to the community.  Psi Delta Tau Military Fraternity Incorporated held the event at a neighborhood Wal-Mart to help those in need.  

    More >>
  • A huge feeding bringing hope to the community

    A huge feeding bringing hope to the community

    Saturday, May 26 2018 11:52 PM EDT2018-05-27 03:52:00 GMT
    St. James Missionary Baptist Church held their 3rd Annual Community BBQ Event on Jackson St. in Albany. (Source: WALB)St. James Missionary Baptist Church held their 3rd Annual Community BBQ Event on Jackson St. in Albany. (Source: WALB)

    The weather didn't stop one Albany church from having a nice southern barbeque.       St. James Missionary Baptist Church held their third annual 'Unity in the Community BBQ event' Saturday.  They gave away hundreds of food and clothing items. 

    More >>

    The weather didn't stop one Albany church from having a nice southern barbeque.       St. James Missionary Baptist Church held their third annual 'Unity in the Community BBQ event' Saturday.  They gave away hundreds of food and clothing items. 

    More >>
Powered by Frankly