Former Columbia loan officer sentenced to 15 months of prison time for fraud scheme

Wednesday, July 9, 2008 | 1:44 p.m. CDT; updated 3:56 p.m. CDT, Tuesday, July 22, 2008

COLUMBIA — A former Columbia loan officer was sentenced to 15 months in federal prison without parole and ordered to pay restitution of $748,866 Tuesday for his part in a bank fraud scheme, according to a news release from the U.S. Attorney’s Office of the Western District of Missouri. The government estimates the scheme cost Boone National Savings and Loan Association more than $740,000, the release said.

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