Grand Island Couple Convicted in Bank Fraud Case - KHGI-TV/KWNB-TV/KHGI-CD-Grand Island, Kearney, Hastings

Grand Island Couple Convicted in Bank Fraud Case

Posted: Updated:

A Grand Island couple has been convicted of lying to banks to receive loans which led to the accumulation of $850,000 in loan debt.

A United States District Court jury returned the guilty verdicts Wednesday in Omaha for Billy Nesiba, 67, and Carol Nesiba, 65. Following a two-week trial, the couple was convicted of one conspiracy count and five counts of making false statements to banks.

The Nesibas used a business, Bill's Classic Auto in Grand Island, to retain loans from multiple banks across Grand Island.

They submitted a series of false personal financial reports when seeking out the loans. The statements substantially underreported the amount of loans they already had due or didn't include some bank loans at all.

Each bank involved granted the couple a series of loans based of their false financial reports which ultimately went into default causing approximately $850,000 in loan debt to fall to the banks.

Sentencing has been set for February 15, 2013.

 

Untitled Document

Facebook

Powered by WorldNow
General and news information or questions:
Across the Midlands Information:
events@nebraska.tv
Comments: comments@nebraska.tv
News:
news@nebraska.tv
Phone: 308-743-2494
News Fax: 308-743-2660
All content © Copyright 2000 - 2014 WorldNow and NTV. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.