Original Report Still Available ~ http://tinyurl.com/3zax3kr<quoted text>
BANK REPORT: Insider real estate / loan activity
The following is an investigation into a Real Estate Transaction by United Community Bank, Inc.(UCBI / UCBID) Bank Officers: Jimmy C. Tallent (President & Chief Executive Officer), W.C. Nelson (Director), Robert L. Head (Director), and Thomas Gilliland (Secretary & General Counsel).
The Original Report was originally released to the FDIC, the Securities and Exchange Commission, the Atlanta Federal Reserve, Georgia Department of Banking and Finance in January of 2011. Copies of receipts and acknowledgement of report by agencies is included in a newly released and revised 53 Page Report (PDF) which can be found at the following web page:
The report has been updated, and is being widely re-released. Submission to the SEC Whistleblower Division (which this has been discussed with in detail, and have expressed solid interest in the case), and to the Federal Department of Insurance Corporation - Office of Inspector General (FDIC-OIG) has now been completed, and proof of submission to those organizations has been included at the above website.
No peace to the wicked,
- david (aka The Mountains Voice)
UPDATE / January 24, 2014
United Community Bank this week finalized repayment to the U.S. Government of $180,000,000 in borrowed TARP monies.
Also this week, Convicted Gilmer County Banker Adam Teague's multi-million estate went into preforeclosure. After a several year quiet investigation, Adam Teague and 2 other Bankers were indicted. One killed himself, one has been indicted on 6 counts, and Adam has lost everything now, including his freedom as he serves 5+ years in the penetentiary.
I mention this because United Community Bank has also been under investigation, however unlike Appalachian/Gilmer Bank - they owed the government 180 Million Dollars.
IT WILL BE INTERESTING TO SEE IF FORMAL CRIMINAL CHARGES WILL NOW BE FORTHCOMING, risk obstacles regarding repayment now having been removed.
Jimmy Tallent, Robert Head, and W.C. Nelson are all involved in a land deal detailed in the report link above. More on Head & Nelson's land dealing to be forthcoming - including vast Union County land holdings they own under various Shell Companies. It will be interesting to some to see how their land values are directly impacted by land purchases made by Union County Commissioner Lamar Paris. Because when the Commissioner pays Super-Inflated prices for land, it is often neighbored by Head-Nelson owned property.
aka The Mountains Voice