Elton Collins didn’t make many former co-workers at Community Bank and Trust happy Feb. 1 when, in the wake of the FDIC’s takeover of the Cornelia-based bank, he made a prediction.
“There’s some people in our company going to jail,” the former Jackson County president of CBT said. “I know damn well they’re going to jail.”
The cover story of the Nov. 1 issue of Time Magazine — available on newsstands right now — appears to lend credibility to Collins’ allegation that fraud played a large role in the bank’s failure.
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