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Banker sentenced for obtaining hundreds of thousands of dollars in fraudulent loans | USAO-SDGA

Salem Man Pleads Guilty to Small Business Loan Fraud and Filing Fraudulent Tax Returns | USAO-MA
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Savannah, Georgia: A former Chatham County Bank business loan officer has been sentenced to prison after admitting he took hundreds of thousands of dollars in fraudulent business loans using someone else’s identity without their consent.

Jason Macmillan, 46, of Savannah, was sentenced to 10 months in prison and ordered to pay $112,430 in damages after pleading guilty to bank fraud, David H. Estes, US Attorney for the Southern District of Georgia. US District Judge William T. Moore, Jr. also ordered Macmillan to serve three years of supervised release and perform 40 hours of community service after completing his prison term. There is no conditional amnesty in the federal system.

“Jason Macmillan used his insider access to the bank that employed him to obtain the money that fueled his chosen lifestyle,” said US attorney Estes. “In addition to being held accountable, Macmillan agrees as part of his plea agreement not to again work in the industry that betrayed their trust and their customers.”

Macmillan admitted that from July 2009 through April 2019, he knowingly used another person’s identity without their consent to obtain business loans of $187,000, $160,000, $157,000 and $250,000 from Chatham County Bank where he worked as a commercial lending officer. Macmillan also admitted that he obtained these loans on the false pretense that the loans would be used to acquire industrial farm equipment. Macmillan admitted that he knowingly used approximately $200,271 of this money for his own personal use. The bank discovered the fraud during an internal investigation.

“The sentencing of Macmillan reinforces the importance of protecting people’s personal identifiers,” said Stephen Bissell, the special agent in charge, United States Secret Service. “We will continue to pursue these criminals and hold them accountable.”

The case was investigated by the US Secret Service, and the US Assistant Attorney General Stephen H. Lee and Head of Asset Forfeiture Division Xavier A. Cunningham.

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