Man gets 3 month behind bars and an order to pay back banks
OMAHA, Neb. (AP) — A northeast Nebraska man has been sentenced for defrauding banks in Iowa and Nebraska.
U.S. District Court records say 32-year-old Joshua Huffman, of Lyons, was given three months behind bars and five years of supervised release. He also was told at an Omaha hearing Monday to pay restitution to Washington County Bank in Blair and United Bank of Iowa in Ida Grove, Iowa. He’d pleaded guilty.
Prosecutors say Huffman gave false and fraudulent financial statements to the banks to obtain loans for his farming operation from December 2014 through May 2015.
He defaulted on the loans, so United Bank of Iowa suffered a loss of about $320,000, and Washington County Bank suffered a loss of almost $14,000.