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Federal Criminal Defense Blog Federal Criminal Defense and Civil Litigation in Georgia and Beyond

GA Father and Son Sentenced for Bank Fraud for Bribing Banker in Exchange for $13 Million in Loans

Posted in Bank Fraud

Last Monday, Brad Heard, Sr., of Camilla, Georgia, and Brad Heard, Jr., of Leesburg, Georgia, were sentenced in the U.S. District Court for the Middle District of Georgia to 30 and 33 months’ imprisonment respectively, and were ordered to pay $5 million in restitution. The father and son entered guilty pleas back in September to charges of bank fraud in which they admitted to paying bribes and kickbacks to a banker and his wife in Bainbridge, Georgia, in exchange for loans totalling $13,000,000. The article appears on BainbridgeGa.com.

Lawyer: “What was the first thing your husband said to you when he woke that morning?”
Witness: “He said, ‘Where am I, Cathy?’”
Lawyer: “And why did that upset you?”
Witness: “My name is Susan.”