Printer Friendly
Email to a Friend
LINCOLN, Neb. (AP) - Federal prosecutors have reached a plea deal with a former executive accused of fraud in the financial collapse of Lincoln-based TierOne Bank.
The Lincoln Journal Star reports Don Langford was the senior vice president and chief credit officer at the bank.
He pleaded guilty in U.S. District Court to conspiring to commit securities fraud, wire fraud and making false entries in a bank's books and record. He also pleaded guilty to making false statements.
Assistant U.S. Attorney General Leslie Caldwell says Langford had tried to cover up the bank's losses.
FDIC took over TierOne in 2010, saying the bank had too many bad loans on its books and lacked sufficient capital to cushion losses. The bank's assets were sold to a South Dakota-based bank.
© Associated Press
MOST VIEWED STORIES
Walnut Township recall coming; Friday mtg erupts in arrest
Former Kickapoo Tribal chairman arrested
Severe storms move through NE KS
Sabetha woman arrested in business burglary
Winchester native named as Amberwell CEO
Effingham teen facing child sex crimes charges
Holton property search concludes with arrest
Rural Horton man charged in alleged beating
Severe storms reported Tuesday in NE KS
Meriden man bound over on rape charge
KS prepares for severe weekend weather
Former AG Schmidt running for KS' 2nd Congressional District
Richardson County Deputies busy during special enforcement
Commission approves agreement for budget help
Pawnee City School Board approves personnel changes
Council hears report from golf course
Beef Barn replacement planned in Jefferson Co
NVCH receives $415,000 grant for expansion project
LATEST STORIES
Road, railway repairs, underway in Atchison this week
KS replacement plates see long wait times
Atchison man nabbed for neighbor's 4 wheeler theft
One injured in Holt County MO wreck
Field survey set in Brown Co at U.S 77/K-20 junction
Severe storms reported Tuesday in NE KS
Effingham teen facing child sex crimes charges
Pawnee County Rural Health Clinic participating in DHHS program
Local students participation in Peru State research expo
Meetings to help with Homestead Exemptions scheduled in Johnson County
Hiawatha, Ks 66434