80-year-old man indicted for bank fraud
An 80-year-old Kearney man has been charged in a 26-count federal indictment relating to bank fraud.
Count one against Ray Van Norman states that on or about Jan. 1, 1997, through June 30, 2006, the Minden Exchange Bank & Trust Co. suffered an actual loss of $11,415 because Van Norman -- chief executive officer, chairman of the board of directors and primary loan officer -- defrauded the bank by creating fictitious lines of credit and then advancing money from the lines to pay down outstanding balances on poorly performing loans. The loans were related to various cattle feeding clubs, in which Van Norman had an interest, according to a press release from U.S. Attorney Joe Stecher.
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Hey Washington DC - It's NOT the Appraisers
4 posts • Page 1 of 1
Hey Washington DC - It's NOT the Appraisers
by Otis on Sat Jun 21, 2008 2:56 pm
http://www.theindependent.com:80/news/x ... bank-fraud
Don't believe everything you think 
What are they SMOKING?<<Link
What are they SMOKING?<<Link
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Otis - Certified Residential
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by Steve Owen on Wed Jul 02, 2008 12:48 pm
Minden Exchange Bank & Trust Co. suffered an actual loss of $11,415
Crime doesn't pay....
He faces up to 30 years in prison, a $1 million fine, five years of supervised release and a $100 special assessment for each of the 26 counts.
I haven't a particle of confidence in a man who has no redeeming petty vices.
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by WM on Wed Jul 02, 2008 12:51 pm
Steve Owen wrote:Minden Exchange Bank & Trust Co. suffered an actual loss of $11,415
Crime doesn't pay....He faces up to 30 years in prison, a $1 million fine, five years of supervised release and a $100 special assessment for each of the 26 counts.
Wow - seems a bit extreme for 11 thousand.
Meanwhile, Skip and his friends overvalue homes by 100 thousand and never get caught.
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by Steve Owen on Wed Jul 02, 2008 1:32 pm
Well, he's 80, you know? So, he probably won't have to pay all of it.
Kind of reminds me of the petty thief who got caught a few years ago in Cherokee County, Kansas. This guy had been a burglar and petty thief all of his life. He went before the judge and was sentenced as a career criminal. The judge handed down a thirty year sentence. The guy turned to the judge and said "But, your honor, I'm sixty-eight years old, I can't do thirty years." The judge replied (without missing a beat), "That's all right, just do all of it you can."
Kind of reminds me of the petty thief who got caught a few years ago in Cherokee County, Kansas. This guy had been a burglar and petty thief all of his life. He went before the judge and was sentenced as a career criminal. The judge handed down a thirty year sentence. The guy turned to the judge and said "But, your honor, I'm sixty-eight years old, I can't do thirty years." The judge replied (without missing a beat), "That's all right, just do all of it you can."
I haven't a particle of confidence in a man who has no redeeming petty vices.
- Mark Twain, a Biography
- Mark Twain, a Biography
- Steve Owen
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- Joined: Tue Aug 14, 2007 12:26 pm
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