The Facts

  • Two bullying banks perpetrated fraud by misrepresenting fact about their rights to insurance proceeds

  • Proceeds received by Reaching Souls Catherdral for damages to the church's roof confiscated

  • Reaching Souls owned the damaged property free and clear and lawfully used their claim money to obtain a loan to pay off another church property that was held by CB&T Bank

  • CB&T Bank misrepresented themselves when they alleged rights to the church's insurance proceeds

  • CB&T filed a demand letter to Security Bank and a civil suit to obtain insurance proceeds

  • CB&T fraudulently attempted to foreclose on Reaching Souls despite the face that the church never defaulted on payments

  • CB&T received payment from Security Bank under fraudulent pretense

  • Onslow Ross' federal prosecution was colored by the misrepresentation by CB&T and Security Banks

  • Security Bank, now defunct is being sued by FDIC in Federal Court for mismanagement of funds and other misconduct

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