The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Man Allegedly Drains $3,000,000 From Bank Using Fraudulent Identities, Friends, Family and an Insider

by Alex Richardson
May 11, 2025
in Scams, Hacks & Breaches

The US government says a 56-year-old Georgia man used friends, family and an insider to steal over $3 million from a local bank.

Ronnie Atkinson of Macon, Georgia, who owns his own logging company, is accused of conspiring with a high-ranking executive at a community bank through “materially false and fraudulently pretenses, representations, and promises,” local CBS-affiliate 13WMAZ reports.

Prosecutors say Atkinson had friends and relatives act “straw borrowers,” or people with good credit history who apply for loans in order to transfer funds to those who don’t. Those applications were meant to benefit Atkinson, and the high-ranking bank employee was well aware of the scheme but approved the loans anyway, according to the charges.

Atkinson is also accused of giving the bank fake bills for logging equipment he supposedly needed loans for. Some bills were real but with inflated prices, and others were completely fabricated for things that were never even purchased. One of the documents provided was a real bill for $56,000, but Atkinson managed to get a loan of $149,500 for it, prosecutors allege.

Says court documents,

“(The market president) thus let Atkinson exceed his $500,000 lending limit without the proper approvals by making it appear these loans belonged to a different (person)… (The market president) also did not seek the required approval for (Atkinson’s) loans that were graded substandard.”

A grand jury determined there is enough evidence to charge Atkinson with conspiracy to commit bank fraud and identity theft. He is facing up to 30 years in prison and a $1 million fine. The government is also looking to seize any of his assets that were the result of the fraud.

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Submit a Press Release

Industry Announcements

  • NATIX Network Launches DePAI Initiative, Merging DePIN Infrastructure with Decentralized AI
    June 19, 2025
  • BitVault Raises $2 Million From GSR, Gemini and Auros To Launch BTC-Backed Money
    June 18, 2025
  • TAC Raises $11.5 Million To Bring DeFi to Telegram’s Billion-User Ecosystem
    June 18, 2025
  • Falcon Finance Launches Pilot Season of Falcon Miles Points Program To Reward Ecosystem Participants
    June 18, 2025
  • BTCC Exchange Celebrates 14th Anniversary With Launch of First-Ever User Badge Program
    June 18, 2025
  • R0AR Introduces Unified DeFi Platform for Token, Liquidity and NFT Staking
    June 17, 2025
  • Avail Goes Full Stack To Capture $300 Billion Global Blockchain Infra Market
    June 17, 2025
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$104,663.04
$104,663.04
0.53%
Ethereum
$2,520.42
$2,520.42
1.65%
BNB
$641.90
$641.90
0.41%
Solana
$144.94
$144.94
0.25%
XRP
$2.15
$2.15
1.21%

Spotlight

  • Bitwise CIO Matt Hougan Says Worries Over US Dollar and Money Printing To Accelerate One ‘Megatrend’
    June 12, 2025
  • ‘Winter’s Not Coming Back’: Michael Saylor Says Bitcoin Primed To Skyrocket to $1,000,000 – Here’s Why
    June 12, 2025
  • US Banks ‘Deeply Concerned’ About Cybersecurity Risk Following Attack on Top Financial Regulator
    June 12, 2025
  • Crypto Analyst Says New Bitcoin All-Time Highs Incoming, Updates Outlook on Ethereum
    June 12, 2025
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl