Dacula Man Pleads Guilty to Bank Bribery Charge

A Dacula man has entered a guilty plea in a bank bribery case.

Wilbur Tate III, of Dacula, was arrested in February on a federal criminal complaint charging him with conspiracy to commit bank bribery. On Nov. 22, Tate plead guilty to one count of conspiracy to commit bank bribery while serving as a U.S. Bank executive in Ohio.

Tate was accused of accepting bribes from a collection agency in an effort to obtain and retain the business of U.S. Bank. Tate reportedly received monthly cash payments between $2,500 and $5,000 which were concealed in cigar boxes and mailed to his Ohio residence 

According to a press release provided by the Internal Revenue Service's Criminal Investigation Division, Tate's sentencing has been scheduled for Feb. 18, 2014.

Tate is one of seven individuals who have been convicted to date as a result of this investigation. The ongoing investigation is being conducted by the Internal Revenue Service – Criminal Investigation, the Federal Bureau of Investigation, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and the Connecticut Securities, Commodities, and Investor Fraud Task Force.  The case is being prosecuted by Assistant U.S. Attorney Liam Brennan and Special U.S. Attorney John McReynolds.