Gilbert G. Lundstrom, 72, Lincoln, Nebraska, the former Chief Executive Officer of TierOne Bank, a publicly traded commercial bank formerly headquartered in Lincoln, Nebraska, was charged for his role in a scheme to defraud TierOne’s shareholders and mislead regulators by concealing the declining value of its loan and real estate portfolio.
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Don A. Langford, 63, Gibsonia, Pennsylvania, a former senior vice president and chief credit officer of TierOne Bank, a publicly traded commercial bank formerly headquartered in Lincoln, Nebraska, pleaded guilty to defrauding TierOne’s shareholders and regulators by falsely inflating the value of TierOne’s loan and real estate portfolio. Continue Reading…
Randall David Due, Pelham, Georgia, was found guilty by a federal jury in Omaha, Nebraska, of seven counts of conspiracy to file and filing false liens against two U.S. District Court judges, the U.S. Attorney for the District of Nebraska, two Assistant U.S. Attorneys and an Internal Revenue Service (IRS) special agent. Due filed a total of five $18 million false liens with the Washington County Register of Deeds Office.