Friday, April 12, 2013

DM Develoiper Gets Federal PrisonTime for Bank Fraud

A Des Moines developer's paying the price for bank fraud. John Kline's been sentenced to 30-months in federal prison and pay over a million dollars in fines. He pleaded guilty to bank fraud in January, for diverting cash from two of his development projects. WHO-TV reports a former business partner, Randy Walters, took a plea deal, and should start serving a one year prison term this month,.

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