Bank Fraud Scheme Uncovered in Plattsmouth, Nebraska
Mark A. Tincher, a 59-year-old resident of Plattsmouth, Nebraska, has been sentenced for his role in a bank fraud scheme. On June 26, 2017, Tincher was handed down a sentence of five years of supervised release, a fine of $50,000, and ordered to pay restitution of $833,404.65 to Plattsmouth State Bank.
Tincher’s scheme, known as check kiting, involved manipulating checks between four banks to create artificially inflated bank balances. This manipulation utilized the concept of float, where a delay occurs between the deposit and payment of a check. Tincher would then use these inflated bank balances for business purposes.
The check kiting scheme was conducted from approximately April 1, 2010, to approximately June 2, 2010, at Plattsmouth State Bank, Arbor Bank, Murray State Bank, and Glenwood State Bank. During this time, Tincher maintained separate checking accounts at each of these institutions.
The case was investigated by the Federal Bureau of Investigation. The sentence imposed on Tincher serves as a reminder of the consequences of engaging in such financial crimes.
The exact nature of Tincher’s business activities during this time period is not specified in the available information. However, it is clear that his actions resulted in significant financial loss for Plattsmouth State Bank.
As a result of Tincher’s sentence, he will be required to serve five years of supervised release, pay a fine of $50,000, and make restitution of $833,404.65. This outcome serves as a warning to individuals considering engaging in similar financial crimes.
Mark A. Tincher, 59, of Plattsmouth, Nebraska, was sentenced on June 26, 2017, by the Honorable Laurie Smith Camp to five years of supervised release, a fine of $50,000, and ordered to pay restitution of $833,404.65 to Plattsmouth State Bank for one count of bank fraud.
Key Facts
- State: Nebraska
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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