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(Neb.)-Federal Indictment Accuses Purdum Man Of Bank Fraud

By: Genell Rothleutner Posted at: 03/20/2008 03:55 PM


OMAHA, Neb. (AP) - A Sandhills banker faces federal indictments that he defrauded his bank.

The U.S. Attorney's Office said Thursday that 45-year-old Michael Moody of Purdum had, over a five-year period that ended in November 2006, falsified financial statements and livestock investment reports in order to make loans for Purdum State Bank.

Moody was vice president and a director of the bank.

The office also says that on or about January 14th, 2006, Moody lied in a bank document, reporting livestock collateral that he knew didn't exist.

The maximum penalty for either charge is 30 years in prison, a $1 million fine and three years of parole.
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