Former Ga bank executive pleads guilty in fraud - New York News

Former Ga bank executive pleads guilty in fraud

Posted: Updated:

SAVANNAH, Ga. (AP) - A former executive pleaded guilty in a fraud scheme that contributed to the failure of a Georgia bank three years ago.

Authorities say 63-year-old Jay Patrick Gardner entered the plea in federal court in Savannah on Friday.

Gardner was a vice president of the First National Bank of Savannah, which regulators shut down in June 2010.

The Savannah Morning News reports that Gardner admitted his involvement in a $74,000 loan which federal prosecutors say was part of a scheme to cover financial problems for a real estate developer.

Gardner is one of seven former First National officers named in a 35-count indictment. He has agreed to cooperate with prosecutors.

The six remaining defendants are set for trial Dec. 4. Each has pleaded not guilty.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • Maryland casino to interview workers from closing Atlantic City casinos

    Md. casino eyes workers from closing Atlantic City casinos

    Friday, July 25 2014 4:32 PM EDT2014-07-25 20:32:23 GMT
    AP photoAP photo
    A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers. Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center. The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down.
    A Maryland casino is looking to hire some of the soon-to-be-jobless Atlantic City casino workers. Maryland Live! is holding job fairs next week at the Sheraton hotel across from the Atlantic City Convention Center. The Hanover, Maryland casino held a similar recruitment effort in January when The Atlantic Club shut down.
  • Lyft to start New York City service after deal with officials

    Lyft to start New York City service

    Friday, July 25 2014 4:06 PM EDT2014-07-25 20:06:49 GMT
    The on-demand ride-sharing app Lyft says it is starting limited service in New York City after reaching agreement with state and city officials to resolve regulatory issues. New York's attorney general and Department of Financial Services say the company agreed to operate "in full compliance" with existing laws and regulations, and that it will start its city service Friday night with commercial drivers only.
    The on-demand ride-sharing app Lyft says it is starting limited service in New York City after reaching agreement with state and city officials to resolve regulatory issues. New York's attorney general and Department of Financial Services say the company agreed to operate "in full compliance" with existing laws and regulations, and that it will start its city service Friday night with commercial drivers only.

  • Another company to give family free cruise

    Family of 5-year-old with cancer upset with cruise line

    Family of 5-year-old with cancer upset with cruise line

    Friday, July 25 2014 3:44 PM EDT2014-07-25 19:44:05 GMT
    A Long Island family is upset that a cruise line won't accommodate them after their 5-year-old son had to have emergency surgery for cancer. Nicolas Colucci and the rest of his family was supposed to go on a cruise on the Norwegian Breakaway.
    A Long Island family is upset that a cruise line won't accommodate them after their 5-year-old son had to have emergency surgery for cancer. Nicolas Colucci and the rest of his family was supposed to go on a cruise on the Norwegian Breakaway.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices