Sioux Center Man Sentenced on Bank Fraud Charge
January 26, 2010
Total Loss:
$120,000
A man who defrauded a Sioux Center bank was sentenced on December 30, 2009, to 30 days in federal prison. Calvin Cleveringa, age 50, from Sioux Center, Iowa, received the prison term after an October 9, 2009, guilty plea to one count of making a false entry in bank records while acting as the vice president and loan officer of the American State Bank in Sioux Center. At the guilty plea, Cleveringa admitted that on or about November 5, 2002, he made a false entry in the books, reports, and statements of American State Bank in connection with a $120,000 loan.
Source:
FBI
Posted in:
Internal Fraud