Former TierOne Bank CEO gets 11 years in federal prison

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The former CEO of TierOne Bank was sentenced to 11 years in prison and a $1.2 million fine by a nebraska federal judge wednesday for his role in concealing more than $100 million in losses on.

The 74-year-old former TierOne Bank leader sentenced to 11 years in federal prison and a $1.2 million fine last month has filed notice of appeal. More information Judge orders ex-TierOne execs to.

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Former TierOne Bank CEO Gil Lundstrom walks. testifying at the federal criminal trial of ex-Chief Executive Gil Lundstrom.. Ex-tierone bank ceo gilbert lundstrom gets 11 years in prison, is.

The former chief executive of TierOne Bank, a publicly traded Nebraska lender that failed in June 2010, was sentenced on Wednesday to 11 years in prison for fraudulently concealing loan and real.

Previous Participation Training WASHINGTON – The former CEO of TierOne Bank, a $3 billion publicly-traded commercial bank formerly headquartered in Lincoln, Nebraska, was sentenced to 132 months in prison today for orchestrating a

The former chief executive of a failed bank in Lincoln, Neb., was sentenced to 11 years in prison for forming a scheme to hide more than $100 million in losses from shareholders and regulators. Former TierOne Bank CEO Gilbert Lundstrom, 74, was also ordered by U.S. District Judge John Gerrard to pay.

Join CEO for hiding $100 million in losses. At the time of the closure, TierOne had more than 750 employees working at its headquarters in Lincoln and its 69 branch offices located in Nebraska, Iowa and Kansas. On Wednesday, Judge Gerrard ordered 74-year-old former TierOne CEO Gilbert Lundstrom to 11 years in prison.

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OMAHA, Neb. (AP) — A federal appeals court has rejected the appeal of a former Nebraska bank executive convicted of fraud and sentenced to 11 years in federal prison. The 8th U.S. Circuit Court.