News and Press Releases

Sidney L. Hall Pleads Guilty to Bank Fraud and Aggravated Identity Theft

December 11, 2012

Michael J. Moore, United States Attorney for the Middle District of Georgia, announced that Sidney L. Hall, age 63, of Atlanta, and formerly of Albany, Georgia, pled guilty to two felony offenses on December 10, 2012, before United States District Court Judge, W. Louis Sands, in Albany, Georgia.

Mr. Hall pled guilty to Counts One and Fourteen of a Fifteen Count Indictment.  Count One charged Mr. Hall with bank fraud which carries a maximum possible sentence of thirty (30) years imprisonment, a $1,000,000 fine and five (5) years of supervised release after imprisonment.  Count Fourteen charged Mr. Hall with “aggravated identity theft,” that is, using the personal identity data of a person, here, the forged signature of a bank officer, in order to commit bank fraud.  Aggravated identity theft carries a mandatory minimum term of imprisonment of two (2) years, a $250,000 fine and one (1) year of supervised release.

Mr. Hall admitted in his plea agreement that he obtained seventy (70) bank loans at seven (7) different banks in the total amount of $2.8 million.  Mr. Hall devised a scheme to lead the lending bank to believe it would have a valid first position lien on the aircraft being financed.  In fact, the aircraft in question had already been pledged as collateral to another bank.  The government estimated in the plea agreement that at the end of the scheme to defraud, Mr. Hall had failed to repay approximately $2.7 million to the seven (7) banks who had loaned him money under false pretenses.

“We will continue to investigate and prosecute cases of fraud against lending institutions,”  U. S. Attorney Moore said.

Sentencing in this case has been scheduled for February 21, 2013, before Judge Sands in Albany, Georgia.

The investigation was conducted by the Federal Bureau of Investigation and Assistant United States Attorney Jim Crane handled the prosecution.  For additional information, please contact Sue McKinney at the U.S. Attorney’s Office, at 478-621-2602.

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