Tracey Newton deceased?
Monica

Arlington, VA

#71 Apr 26, 2012
CamelUser wrote:
Does anyone know the real truth? There are a lot of rumors and I hope I am not starting one.
I was told that the Justice Department had contacted Tracy and told him to come in and sign a confession and he would get a 10 year sentence or that he could go to trial and they would go after a 20 year sentence and his whole family. He had no money to spend on a lengthy trial and having to sign a confession which he had not done yet and still have ten years to face was more than he could bear. If this is untrue I hope that I am corrected and I apologize if wrong.
This is true. He was to sign the documnts on 4/20 and he took his own life on 4/19
aint over

Adel, GA

#72 Apr 26, 2012
http://www.bizjournals.com/atlanta/stories/20 ...
EXCERPT FROM ABOVE LINK:
On Oct. 5, 2010 the Federal Deposit Insurance Corp. issued a post-mortem on the failure of Appalachian Community Bank, which was reported on Atlanta Business Chronicle’s website.
The same day, the FDIC went to court to try to recover nearly a million dollars loaned out by Appalachian.
In complaints filed in U.S. District Court in Gainesville, the FDIC is seeking to recover $476,190 loaned to Maloan Investments LLC and Adam Teague of Ellijay, and $450,000 to MT Construction and Development LLC and David Teague, also of Ellijay.
http://dockets.justia.com/browse/state-georgi...
Federal Deposit Insurance Corporation et al v. Maloan Investments, LLC et al
Filed: October 5, 2010 as 2:2010cv00204
Plaintiff: Federal Deposit Insurance Corporation
Defendants: Adam Teague and Maloan Investments, LLC
Presiding Judge: William C. O'Kelley
Cause Of Action: Default of Promissory Note
Court: Eleventh Circuit > Georgia > Northern District Court
Type: Contract > Negotiable Instrument
Federal Deposit Insurance Corporation v. MT Construction and Development, LLC et al
Filed: October 5, 2010 as 2:2010cv00205
Plaintiff: Federal Deposit Insurance Corporation
Defendants: David Teague and MT Construction and Development, LLC
Presiding Judge: William C. O'Kelley
Cause Of Action: Default of Promissory Note
Court: Eleventh Circuit > Georgia > Northern District Court
Type: Contract > Negotiable Instrument
Local Patron

Ellijay, GA

#73 Apr 26, 2012
Monica wrote:
<quoted text>
This is true. He was to sign the documnts on 4/20 and he took his own life on 4/19
thank you. That is what I was also told by someone that was "in the know." He was given a choice of signing a confession on 4/20 and serving 10 years in prison or being prosecuted with a potential sentence of 20 years.

“Next Litigants Please”

Since: Mar 12

armpit of the earth

#74 Apr 26, 2012
I guess , when Beamon goes down , you will all swing on his nuts too . It's really pitiful how you all try to cover up what he did , and had been doing for close to 20 years .

“Next Litigants Please”

Since: Mar 12

armpit of the earth

#75 Apr 26, 2012
Oh yeah , I forgot , you cabbage heads also love Teague too , he's such a great guy .
saved by grace

Hotchkiss, CO

#76 Apr 26, 2012
Doug Llewelyn wrote:
Oh yeah , I forgot , you cabbage heads also love Teague too , he's such a great guy .
Unless it affected you, then why even bother posting?? Your an idiot, its obvious
shell game

Ellijay, GA

#77 Apr 26, 2012
Doubt that Rusty will go down, pretty sure he squealed on other two to save his own skin.
"just sayin"
Lost in the Sixties

Blue Ridge, GA

#78 Apr 27, 2012
Rumors have it that the "Feds" are looking to take 7-8 to trail or plea bargain their way out.I'll bet there's alot of sleepless nights being spent around here right.Look for the axe to fall next week.

“Next Litigants Please”

Since: Mar 12

armpit of the earth

#79 Apr 27, 2012
saved by grace wrote:
<quoted text>
Unless it affected you, then why even bother posting?? Your an idiot, its obvious
Not that its any of your affair , but , it has .
Beaner

Rocky Face, GA

#80 Apr 28, 2012
Maybe Home Depot will run a sale on rope.
Gilmer

Ellijay, GA

#81 Apr 28, 2012
Keep it local. Ace Hardware could run the sale.
mare

Ellijay, GA

#83 Apr 28, 2012
turniptown wrote:
I noticed there was some heart felt testimonials in this week's paper. I was a little surprised by a couple of them. I can remember when Mr. Sanford was let go from the Gilmer County Bank; I believe at that time there was quiet a bit of ill feelings. I guess time has soften those.
Maybe I missed it, but I didn't see testimonials by the former board of directors. It'd be interesting to see their point of view.
Local Patron

Ellijay, GA

#84 Apr 28, 2012
mare wrote:
<quoted text>
Maybe I missed it, but I didn't see testimonials by the former board of directors. It'd be interesting to see their point of view.
They were probably too busy taking depositions.
yep

Pompton Lakes, NJ

#86 May 8, 2012
They should go after board of directors and there are a few shady women involved too

Since: May 12

Oviedo, FL

#88 May 8, 2012
yep wrote:
They should go after board of directors and there are a few shady women involved too
Maybe they should investigate C & S Bank and Peoples Bank of East Tennessee since the robberies are still happening. Take a look at FDIC's Loss Share agreements with these two banks and you will see these banks are stealing the properties in North Georgia from the previous developers and land owners. C & S bank and Peoples Bank of East Tennessee is as GREEDY as Appalachian Community Bank. They are doing it right before your eyes under the approval of our fine government!

If you want to make a differance maybe everyone should stop doing business at these two banks and then see what happens!!
Ellijayrocks

Alpharetta, GA

#89 May 9, 2012
Local Patron wrote:
<quoted text>
At least I'm still on earth in my dark little hole not flying around in space spreading false rumors. Tracy was a very nice person with a kind heart that got caught up in the greed and me too world. BUT, he knew exactly what he was doing!
So, those of you out there that keep posting his world through your rose colored glasses are not doing him any favors. You can sling arrows at me if you wish, but I am just the messenger. You want facts? Here are a few: the "big three" formed several LLCs and were foreclosing on your neighbors, some of whom were current but the value of the underlying security was no longer sufficent to cover the loan. However, they only foreclosed on those properties that "they" wanted personally. Look up some of the LLCs they created like TWC Unlimited, LLC. Seems rusty beamon just happened to be the registered agent at some address in Woodstock. Fancy that! They bought properties that had been assessed at over $1M for 12 cents on the dollar and then loaned themselves $1M to use to buy other foreclosed propeties. Get the picture???? And they bought some of these properties without ever advertising them to the public, fancy that!
Yea, that's it in a nutshell...he was a basically decent, friendly guy that was human and got caught up in the rampant greed and me first mentality that is ruining the entire country ....he is not the first one nor will he be the last ....he did wrong, but I hate it came to this, he should have faced the music, done his time, asked for forgiveness and lived for his familys sake if nothing else ...what bothers me is the lengths people go to to revel in his tragedy .....the man is dead for crying out loud, let it go already , just let it go......there is NOTHING else to say ... alot of so called Christians in this town that don't know how to forgive and forget ......RIP Tracey..
yep

Pompton Lakes, NJ

#90 May 14, 2012
what about the people that are getting ripped off
Preacher Man

Ellijay, GA

#91 May 14, 2012
Ellijayrocks wrote:
alot of so called Christians in this town that don't know how to forgive and forget
In Mathew 39, Jesus says "But I say to you, Do not resist the one who is evil. But if anyone slaps you on the right cheek, turn to him the other also."

This means, that if a crooked banker forecloses on your house, you should ask if he'd like to repo your car too.
yep

Pompton Lakes, NJ

#92 May 24, 2012
please

Since: May 12

Oviedo, FL

#93 May 24, 2012
WHY HASN'T THERE BEEN MORE NEWS REGARDING TRACY NEWTON'S DEATH?

SURELY IT SHOULD MAKE BIGGER NEWS CONSIDERING A UNTIMELY DEATH OCCURED CAUSED BY THE EXTREME STRESS OF DEALING WITH MULTIPLE GOVERNMENT AGENCIES!

Has all the questions been answered?

I believe there is more to why this man took his life!

Who were the employees at the bank who really let Tracey down? They ALL took there eyes off the money, funded projects and developments that should not have been funded. They approved the good ole boys down the street then allowed them to steal all the money!!

Why aren't they in jail or off committing suicide?

RIP Tracey Newton -

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