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.
Any indictment is an accusation only. A defendant is presumed innocent and is entitled to a fair trial at which government must prove guilt beyond a reasonable doubt.