Sentences handed down in Omni fraud case

Delroy Davy of Lithonia, Georgia has been sentenced to 14 years in a federal prison in the US followed by five years of supervised release for his part in a fraud that led to the collapse of Omni National Bank of Atlanta, Georgia (Omni). Davy was convicted of bank fraud and conspiring to commit bank, mail and wire fraud in charges relating to financial institutions, including Omni. Davy has also been ordered to pay more than $5.5 million in restitution.

According to the charges, Davy formed comp