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Local News

RUSSELL CO BROTHERS INDICTED FOR BANK FRAUD

 

Two Russell County brothers have been indicted on federal bank fraud charges.

 

Adam Hill and Jeremy Hill were indicted by a federal grand jury in Bowling Green last Wednesday, June 12, 2019.

 

According to the indictment, in 2010 Jeremy Hill allegedly tried to obtain a loan for the consolidation of his debts, but was unable to due to having bad credit.

 

Jeremy Hill then allegedly got a friend to obtain the loan and give him the money. That loan came though Adam Hill (Jeremy’s brother) who worked as a loan officer at the time. Due to non-payment, the loan eventually fell into default and Jeremy’s friend had to declare bankruptcy.

 

According to the Federal Bank FraudStatute, the maximum penalty a defendant can receive is 30 years and a 1 million dollar fine, with average sentence being 3 to 7 years depending on the specifics of the specific of the case.

 

An indictment is an accusation and does not determine innocence or guilt.

 

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