A Plattsmouth man has been placed on five years of supervised release, fined $50,000, and ordered to pay more than $833,000 in restitution for bank fraud.
The United States Attorney’s office reports 59-year-old Mark Tincher used a check kiting scheme to create false balances in checking accounts held in four separate banks. Tincher would shuffle money among the Plattsmouth State Bank, Arbor Bank, Murray State Bank, and Glenwood State Bank to create artificially inflated bank balances he used for business.
The scheme ran between April and June of 2010. Tincher previously pleaded guilty to one count of bank fraud.
Tincher must repay Plattsmouth State Bank $833,404.65.