A federal judge sentenced a Statesboro man to 32 months in prison after he pled guilty to bank fraud.
Donnie D. Rushing was indicted in December on 14 counts of bank fraud and money laundering charges, but pled guilty to one count of bank fraud as part of a plea bargain, said Joe Newman, Assistant United States Attorney with the Southeastern District of Georgia.
U.S. District Judge B. Avant Edenfield handed down the sentence in Statesboro Oct. 24, ordering Rushing to pay $175,210 in restitution, a special assessment fee of $100, and serve the two year and eight months sentence, he said. There were no fines.
"Mr. Rushing must self report ... by Nov. 27 ... and will be on supervised release for five years," Newman said.
Rushing, owner of Southern Steel Fabricators, was charged in the 14-count indictment in December of bank fraud, money laundering, and making false statements to a federally insured financial institution, according to a press release issued in December by the Southeastern District of Georgia United States Attorney Lisa Godbey Wood, a copy of which is available at Internet web site www.usdoj.gov.
In the release, Wood said Rushing, in 2001, executed a scheme to get money from Eagle Bank and Trust "by knowingly presenting fictitious invoices to the bank for payments to which he was not entitled."
He also tried to "conceal certain financial transactions from Eagle Bank and Trust in order to defraud the bank and receive money to which he was not entitled," she said.
The indictments and subsequent sentencing were the result of evidence discovered during an investigation by Federal Bureau of Investigation Agent Marcus Kirkland.
Donnie D. Rushing was indicted in December on 14 counts of bank fraud and money laundering charges, but pled guilty to one count of bank fraud as part of a plea bargain, said Joe Newman, Assistant United States Attorney with the Southeastern District of Georgia.
U.S. District Judge B. Avant Edenfield handed down the sentence in Statesboro Oct. 24, ordering Rushing to pay $175,210 in restitution, a special assessment fee of $100, and serve the two year and eight months sentence, he said. There were no fines.
"Mr. Rushing must self report ... by Nov. 27 ... and will be on supervised release for five years," Newman said.
Rushing, owner of Southern Steel Fabricators, was charged in the 14-count indictment in December of bank fraud, money laundering, and making false statements to a federally insured financial institution, according to a press release issued in December by the Southeastern District of Georgia United States Attorney Lisa Godbey Wood, a copy of which is available at Internet web site www.usdoj.gov.
In the release, Wood said Rushing, in 2001, executed a scheme to get money from Eagle Bank and Trust "by knowingly presenting fictitious invoices to the bank for payments to which he was not entitled."
He also tried to "conceal certain financial transactions from Eagle Bank and Trust in order to defraud the bank and receive money to which he was not entitled," she said.
The indictments and subsequent sentencing were the result of evidence discovered during an investigation by Federal Bureau of Investigation Agent Marcus Kirkland.