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LINCOLN, Neb. (AP) - A former Nebraska banker convicted of fraud has filed motions for acquittal or a new trial.
Gil Lundstrom was convicted in November of 12 counts related to the 2010 failure of Lincoln-based TierOne Bank while he was CEO. His sentencing is set for Feb. 24.
The Lincoln Journal Star reports that the acquittal motion filed Friday says prosecutors didn't prove each count beyond a reasonable doubt. The motion for a new trial says, among other things, that the court let the jury consider improper hearsay evidence and was wrong to instruct jurors that they could find that Lundstrom willfully sought to remain unaware of any wrongdoing.
Prosecutors say Lundstrom and other bank officers hid losses from regulators and shareholders.
© Associated Press
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