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Justice News

Department of Justice
U.S. Attorney’s Office
District of South Carolina

FOR IMMEDIATE RELEASE
Monday, May 7, 2018

Dillion Man Sentenced to Federal Prison

Columbia, South Carolina---- United States Attorney Beth Drake stated today that Gerald Arnette, Jr., of Dillion, was sentenced in federal court in Florence, South Carolina, for bank fraud, a violation of 18 U.S.C. § 1344.  United States District Judge R. Bryan Harwell, of Florence, sentenced the defendant to one year and a day in federal prison.

Evidence presented established that the defendant was a loan officer at Citizens Bank in Florence, South Carolina. In his role as loan officer, the defendant used his position to fraudulently obtain loans, some of which he received kickbacks for obtaining. Moreover, information was presented that the defendant paid back over $150,000 dollars to the bank thereby making full restitution for the loans that were fraudulently issued.

The case was investigated by agents of the FBI and US Postal Inspector.  Assistant United States Attorney Jay Richardson of the Columbia office prosecuted the case.

         

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Topic(s): 
Financial Fraud
Component(s): 
Contact: 
Lance Crick (864) 282-2105
Updated May 7, 2018