OMAHA, Neb. (AP) — A federal appeals court has rejected the appeal of a former Nebraska bank executive convicted of fraud and sentenced to 11 years in federal prison. The 8th U.S. Circuit Court.
The former CEO of TierOne Bank, a $3 billion publicly-traded commercial bank formerly headquartered in Lincoln, Nebraska, was sentenced to 132 months in prison today for orchestrating a scheme to defraud TierOne’s shareholders and to mislead regulators by concealing more than $100 million in losses on loans and declining real estate.
Fannie Mae: Home construction jobs still years from recovery I think the economy continues to expand quite nicely over the next several years, with the one large caveat that a legitimate move to impeach President Donald Trump, or a contested 2020.
Gilbert Lundstrom, 74, former CEO of TierOne Bank, was sentenced to 11 years in federal prison last week after the Justice Department says he concealed more than $100 million in losses on loans and real estate. He also was ordered to pay a $1.2 million fine. See the details of the case here.
CoreLogic: 10.4 million mortgages still in negative equity The CoreLogic (NYSE: CLGX) said in general negative equity continues to weigh on the housing market with 10.9 million residential properties. Many borrowers in a negative equity scenario are still.
Former TierOne Bank President James Laphen was sentenced Thursday to 34 months in prison, a day after his former boss got 11 years for the fraud that sank what was Lincoln’s largest bank.
The 74-year-old former TierOne Bank leader sentenced to 11 years in federal prison and a $1.2 million fine last month has filed notice of appeal. More information Judge orders ex-TierOne execs to.
FORMER CEO OF $3 BILLION TIERONE BANK SENTENCED TO 11 YEARS IN PRISON FOR ORCHESTRATING SCHEME TO HIDE MORE THAN $100 MILLION IN LOSSES FROM SHAREHOLDERS AND REGULATORS. Bank Applied for $86 Million from TARP before Collapsing. WASHINGTON – The former CEO of TierOne Bank, a $3 billion publicly-traded commercial bank formerly
More Former TierOne Executives Sentenced to Prison – More Former TierOne Executives Sentenced to prison. don langford, the bank’s former chief credit officer, was also sentenced Thursday to 21 months in prison after pleading guilty to similar charges. Both men testified against their former boss and CEO Gilbert Lundstrom, who was sentenced Wednesday to 11 years in prison after being convicted of 12 counts related to the 2010 failure of the bank.
Freddie Mac outlook: Housing activity remains stale As a result, we saw record volume of multifamily activity. Federal Housing Finance Agency (FHFA) announced in November that it is setting its 2019 lending caps for Fannie Mae and Freddie Mac at $35.
CEO of TierOne Bank Sentenced to 11 Years in Prison Posted by Brenda Hamilton, Securities and Going Public Lawyer The Securities and exchange commission (sec) announced that on March 23, 2016, Gilbert Lundstrom, the former chairman of the board and CEO of TierOne Bank, based in Nebraska, was sentenced to 11 years in federal prison and ordered to pay a .2 million criminal fine.