Bank loan

Former bank loan officer and real estate developer indicted in fraudulent loan scheme – CBS Atlanta

ROME, Ga (CW69 News at 10) – A federal grand jury has indicted former bank loan officer Michael Craig Brewster, 46, of Huntsville, Alabama, as well as Edmond Cash, 79, of Rome, Georgia and LaDonna Barton, 63, of Menlo, Ga., On charges stemming from an alleged scheme to defraud Brewster’s former employer, River City Bank in Rome, Ga., According to a statement from the U.S. prosecutor’s office.

According to Acting US Attorney Kurt R. Erskine, the indictment and other information presented to the court, Barton used a fraudulent application to obtain a loan from the River City Bank. Barton’s loan application, with the help of Cash, was channeled through Brewster, who was then a loan officer at the bank.

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Due to his position at the bank, Brewster was able to get the loan application approved and ensure that his co-conspirators received the requested funds despite their loan application being filled with false statements. Barton claimed in her loan application that she was looking to buy a property, while it is alleged that she was getting money for herself and for Cash.

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The money that was supposed to be used to buy a property was allegedly pocketed by Barton and Cash, with Cash allegedly using some of the money to pay for other loan repayments and business expenses arising from his land development business .

Brewster, Cash and Barton have been charged with conspiracy to bank fraud, bank fraud and misrepresentation in a loan application. All three were indicted by a federal grand jury on February 10, 2021.

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Indictments are just accusations. The accused are presumed innocent of the charges and it will be up to the government to prove the guilt of the accused beyond a reasonable doubt at trial.


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