Starbuck Man Sentenced for Conspiring to Commit Bank Fraud and Money Laundering
December 6, 2011
Total Loss:
$1 Million
A 55-year-old man from the central Minnesota community of Starbuck was sentenced earlier today in federal court in St. Paul for conspiring with others to steal more than $1 million in loan proceeds from the First Bank of Kensington. United States District Court Judge Richard H. Kyle sentenced William Felix Schluter to one year in federal prison on one count of conspiracy to commit both bank fraud and money laundering. Schluter was charged on September 24, 2010, and pleaded guilty on June 17, 2011.
Source:
FBI
Posted in:
Money Laundering