A Grand Island couple convicted in November of lying to banks to receive
loans has been sentenced to just over a year in prison.
Following a two-week trial in Omaha's U.S. District Court, Billy Nesiba, 67, and Carol Nesiba, 65, were 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
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.
The couple was sentenced to one year and a day in prison as well as being ordered to pay $315,536 restitution to the Bank of Doniphan, Heritage Bank and Great Western Bank.