Former CEO and President of Georgia bank gets 84 months prison term

Tifton Banking Company, shut down by the State of Georgia

According to the US Attorneys office, Gary Patton Hall Jr.,50, former CEO and President of Tifton Banking Company, was sentenced to an 84 months federal prison sentencewill have to sit through an 84 month federal prison term for his fraudulent actions including lying about his personal interests in loans, mislead bank regulators and lied about the financial status of the bank. He has a restitution order of over 3.9 million. See story here...http://www.justice.gov/opa/pr/former-president-and-ceo-georgia-based-bank-sentenced-84-months-prison-role-bank-fraud

What would make someone commit a fraud? Perhaps it was greed and the false allusion that he would never get caught. It is rare to see a former bank president going to jail but Mr. Hall must have stepped on a lot of toes to get caught.

Based on the federal system, he will have to do 87.5 percent of the 7 year sentence. Ouch. He will definitely be humbled in federal prison as it is pure punishment. It is a real spartan life and you are treated like a five year old.

To read more about it, go to my story here....http://www.amazon.com/gp/product/B011GTWLOG