Former Nebraska bank CFO convicted in $4.3 million loan fraud scheme

OMAHA, Neb. — A former Nebraska bank executive has been convicted in federal court for orchestrating a multimillion-dollar loan fraud scheme tied to a car wash construction project.

Aaron Luneke, the former chief financial officer of Bank of the Valley in Columbus, was found guilty by a federal jury on March 6 following a two-week trial in Omaha.

Prosecutors said Luneke used his position at the bank to file fraudulent invoices that inflated the value of his car wash business, Legacy Express Wash. The scheme allowed him to obtain two loans totaling about $4.3 million

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