Sentencing is set for one of four people charged in the case of a defunct Arizona mortgage lender accused of swindling Bismarck-based BNC National Bank out of about $27 million.
Authorities say 69-year-old David Kaufman lied to investigators when he was questioned about his role as an independent auditor. He pleaded guilty to obstruction of justice.
Three executives with American Mortgage Specialists Inc. also are charged in the case. AMS allegedly defrauded the bank by providing it with false financial statements and other information about the status of loans the bank had financed.
Sentencing is scheduled for Monday in Bismarck. Kaufman will appear via video from Arizona. He faces a maximum sentence of 10 years in prison.
Copyright 2013 Associated Press. All rights reserved.
Tuesday, August 19 2014 4:10 PM EDT2014-08-19 20:10:07 GMT
The police chief for Gulf Shores along Alabama's coast is weighing-in on the actions of the law enforcement commander in charge of Ferguson, Missouri's in the wake of an escalating crisis brought on byMore >>
Gulf Shores Police Chief Ed Delmore wrote a blistering open letter to Captain Ronald S. Johnson, who was given command of law enforcement operations following days of looting and rioting in the city.More >>
Friday, August 22 2014 3:11 PM EDT2014-08-22 19:11:37 GMT
A 22-year-old woman and a 4-month-old baby are recovering in the hospital after being struck on the sidewalk in a hit-skip accident. The driver is in custody, but the passenger remains on the run. More >>
A 22-year-old woman and a 4-month-old baby are recovering in the hospital after being struck on the sidewalk by a driver who didn't stop at the scene of the accident. The driver is in custody, but the passenger remains on the run. More >>
A fisherman off the coast of Bonita Springs, Florida thinks he has a pretty nice catch. As he reels in a four-foot shark, his catch is stolen by an even bigger fish. A massive grouper pulls the sharkMore >>
A massive grouper steals a four-foot shark from a fisherman's line off the coast of Florida.More >>