Macon Businessman Accused of Embezzlement

MACON, Ga. (AP) - A Macon businessman has been indicted on
racketeering charges and is accused of embezzling $421,000.

A Bibb County grand jury charged 43-year-old William David Ramsbottom Jr. in a 118-count indictment that accuses him of racketeering, money laundering, bank fraud and forgery. Jail records show Ramsbottom was being held on Tuesday at the Bibb County jail on $110,100 bond.

Telephone messages left for Ramsbottoms attorney, Jerry Lumley,
were not immediately returned.

The indictment says Ramsbottom was a managing partner of two
companies created to manage and control commercial rental properties located in a St. Simons Island shopping center. It alleges that Ramsbottom diverted rent payments and money paid to the two companies for his own financial gain between October 2007 and August 2008.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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