Printer Friendly
Email to a Friend
LINCOLN, Neb. (AP) - A former TierOne Bank officer has pleaded guilty to conspiracy, fraud and other crimes connected to the collapse of the Lincoln-based bank.
James Laphen pleaded guilty Monday to conspiracy to commit mail fraud and making false statements to the Securities and Exchange Commission. Prosecutors say he conspired with other senior executives to hide the bank's true financial condition.
FDIC took over TierOne in 2010, saying the bank had too many bad loans on its books and lacked sufficient capital to cushion losses. The bank's assets were sold to a South Dakota-based bank.
The Lincoln Journal Star reports Laphen was the president and chief operating officer of TierOne between April 2002 and March 2010. He was later appointed CEO in March 2010.
TierOne had several locations in Southeast Nebraska including Falls City, Humboldt, Auburn and Tecumseh.
© Associated Press
MOST VIEWED STORIES
Cold case investigation leads to Holton warrant
Horton City Clerk's resignation accepted Monday
Effingham owner regains truck following theft, arrest
Former Kickapoo Tribal chairman arrested
Winchester native named as Amberwell CEO
Holton property search concludes with arrest
Mayetta pair arrested on meth, child endangerment charges
Rural Horton man charged in alleged beating
Severe storms move through NE KS
Juveniles face charges following Atchison break-in
Atchison Co's Oswald named honorary bailiff for KS Court
No injuries in early Sunday morning house fire in Falls City
McLouth man injured in Monday wreck
KS prepares for severe weekend weather
Senator Slama on tax relief efforts
Former AG Schmidt running for KS' 2nd Congressional District
Commission approves agreement for budget help
Pawnee City School Board approves personnel changes
Council hears report from golf course
Richardson County accepted into managed call handling program
LATEST STORIES
Walnut Township recall coming; Friday mtg erupts in arrest
Nemaha NRD honoring Stewardship Week
Richardson County Deputies busy during special enforcement
Peru State faculty member to be honored
Nebraska Primary Election reminders
Severe storms move through NE KS
NVCH receives $415,000 grant for expansion project
KS prepares for severe weekend weather
Hiawatha, Ks 66434