John R. Thompson, 67, an attorney from Emanuel County was sentenced today by Senior U.S. District Judge B. Avant Edenfield to 66 months in prison and ordered to pay $434,587.54 in restitution for his role in a mortgage fraud scheme that occurred in Swainsboro.
Evidence presented during a three-day trial in July revealed that Thompson, in his role as a closing attorney, assisted his co-defendants, Brian and Natasha Steptoe, in knowingly submitting a falsified HUD-1 Form and other documentation to Bank of America with regard to a $400,000 home loan. The investigation revealed that Thompson’s scheme was to defraud Bank of America in order to pocket sizeable sums of money for himself and others.
Although this is a crime, the only one who would be put out by it is Bank of America. At least he was not trying to run a ponzi scheme, and no one else got bilked out of money. But he should have known the long arm of the law would grab him sooner or later.
So when do the "too big to fail" banks get arrested??? They did and do the same thing+++++
Congress has left the Social Security "lock box" (Al Gore's description) full of IOU's. They're guilty of the biggest ponzi scheme in history.
HA! John Thompson has been to prison before for fraud. Looks like he's been at it again.
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