Augusta, GA
Former Augusta man sentenced to prison for multi-million-dollar scheme to defraud a mortgage lender
AUGUSTA, GA: A former Richmond County man has been sentenced to federal jail for financial institution and chapter fraud associated to his buy of an Augusta condo complicated.
Jerome Walter Kiggundu, 38, now a resident of Commerce Metropolis, Colo., was sentenced to 48 months in jail after his conviction in a jury trial in December 2021 on fees of Financial institution Fraud, Chapter Fraud, and False Statements Below Oath, stated David H. Estes, U.S. Lawyer for the Southern District of Georgia. U.S. District Courtroom Chief Decide J. Randal Corridor additionally fined Kiggundu $2,500 and ordered him to serve three years of supervised launch after completion of his jail time period.
There isn’t a parole within the federal system.
“Monetary fraud prices everybody – not simply the establishments who’re the fast victims, however everybody who participates within the free market and sees their prices improve to make up what fraudsters steal,” stated U.S. Lawyer Estes. “Jerome Kiggundu’s sentence ought to ship an unmistakable message that our workplace and our regulation enforcement companions will relentlessly pursue such criminals and maintain them accountable.”
As described in court docket paperwork and testimony, Kiggundu was the registered agent and managing member of Nakaddu LLC, a/okay/a Kiggun Properties LLC, and borrowed $2,831,250 from a mortgage lender in March 2019 by submitting fraudulent financial institution statements to falsely declare that his firm had a median month-to-month working stability of roughly $100,000. Throughout this era, his account truly had a median stability of roughly $500. Kiggundu additionally submitted a false private monetary assertion overstating his web price and property to qualify for the mortgage, which he used to refinance an 80-unit condo complicated that the corporate owned at 405 Hale St., in Augusta.
When the scheme began to unravel, Kiggundu filed for chapter safety beneath Chapter 11 to keep away from foreclosures by the lender. Kiggundu then submitted one other set of faux financial institution statements in his chapter proceedings to hide his financial institution fraud, and lied beneath oath about his funds when questioned by staff of america Trustee Program who suspected this fraud.
“Kiggundu’s in depth fraud scheme was motivated purely by private greed,” stated Keri Farley, Particular Agent in Cost of FBI Atlanta. “This sentence serves as a warning to others that the FBI won’t let such lies go unchecked.”
The case was investigated by the FBI with help from america Trustees Program, and prosecuted for america by Assistant U.S. Attorneys Patrick J. Schwedler and Jennifer A. Stanley.
Augusta, GA
Trees Crush Roof of Home in Georgia After Hurricane Helene
The roof of a home in Augusta, Georgia, was crushed by fallen trees after Hurricane Helene caused widespread destruction, video from October 1 shows.
X user @j_wieberdink said she filmed this video of her husband’s home in Augusta and said “thousands of homes look like this.”
“Five days later, we don’t have power. Power lines down. The roads that have been cleared were cleared by citizens with chainsaws … our power grid has been destroyed by this storm,” she wrote in a caption on the post. Credit: @j_wieberdink via Storyful
Video transcript
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Augusta, GA
Kamala Harris coming to Augusta to see hurricane damage
AUGUSTA, Ga. (WRDW/WAGT) – Vice President Kamala Harris will visit Georgia to tour the damage Hurricane Helene left across the Peach State.
The vice president will be in Augusta on Wednesday, where she will be briefed on recovery efforts.
Harris will also give updates on federal actions that are being taken to support emergency response and recovery efforts in Georgia and several other states.
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On Monday, Harris visited Federal Emergency Management Agency headquarters where she received a follow-up briefing on the ongoing impacts of Hurricane Helene and thanked federal personnel and first responders for their work to support impacted communities.
During her remarks, she made it clear that the Biden-Harris administration “will continue to do everything we can to help you recover and to help you rebuild – no matter how long it takes.”
President Joe Biden, meanwhile, will visit storm-hit areas of North Carolina on Wednesday. He’ll “engage with first responders and state and local officials in South Carolina en route to North Carolina.”
Early Friday, the Category 1 storm hit Augusta, knocking out power to most of the city, toppling trees onto homes, killing nearly 25 people across the CSRA and leading to a more than two-day shutdown of Augusta’s water system.
Harris’ visit will come just a day after President Joe Biden approved a major disaster declaration for Richmond, Columbia and Jefferson counties.
The White House said Harris has spoken with Georgia leaders, including Gov. Brian Kemp and Savannah Mayor Van Johnson, ahead of her planned visit to the state.
The Augusta visit comes after ones Monday by Georgia Gov. Brian Kemp and Sen. Raphael Warnock, D-Ga.
Copyright 2024 WRDW/WAGT. All rights reserved.
Augusta, GA
Hurricane Helene hit hard and fast in Augusta. Recovery across Georgia is taking more time
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