Thursday, July 24 2014 11:14 PM EDT2014-07-25 03:14:49 GMT
Lee County residents voiced their displeasure with a potential property tax hike Thursday evening.More >>
Lee County residents voiced their displeasure with a potential property tax hike Thursday evening. More >>
ALBANY, GA (WALB) -
Wednesday morning, a former Lee County business owner Brad Heard Jr. and his father will be in federal court to hear their sentence after working together in a fraudulent loan scheme.
Both men pleaded guilty to commissions or gifts for procuring loans in October.
Prosecutors tell us a Southwest Georgia Farm Loan officer, Larry Malone, received kickbacks from the duo in exchange for over $5,000,000 in fraudulent loans.
We also know that Heard Jr. was getting help from his uncle as well, Lawton Heard. They acted as "straw borrowers," they would provide information that would grant them loans then disperse the money to Brad Heard Jr.
The Heards could spend more than a decade in federal prison and pay a million dollars in fines.