ATLANTA—A former assistant vice president with Credit Union of Georgia here has pleaded guilty to creating $300,000 in fraudulent loans.
Ardonus Perkins, 40, formerly AVP-risk management, created the bogus loans from January of 2008 through August of 2010, according to authorities. She used the names of family members and friends to open signature loans and true lines of credit at the credit union, the Atlanta Business Chronicle reported. Perkins then took the funds from these fraudulent loans for her own personal use. She further refinanced automobile loans without the auto owner’s knowledge, consent, or authorization, and created fraudulent VISA accounts on which she took cash advances, and then took those proceeds, the Business Chronicle reported.
Authorities said Perkins, in an effort to conceal and continue the scheme, used some of the money she fraudulently received to make payments on some of the loans, lines of credit, and credit card accounts that she had fraudulently established in the names of others. To further conceal her scheme, Perkins directed the monthly statements of the fraudulently established accounts to her personal post office box. Overall losses to the credit union were approximately $300,000, the Business Chronicle reported.
Sentencing is scheduled for July 30.