Mark A. Tincher, 59, of Plattsmouth was sentenced in U.S. District Court Monday for bank fraud.Tincher will be on five years of supervised release, pay a $50,000 fine and $833,404.65 in restitution to the Plattsmouth State Bank.
The Hon. Laurie Smith Camp handed down the sentence.
Tincher conducted a check kiting scheme in 2010, manipulating checks between four banks to artificially inflate bank balances for business purposes, the U.S. Attorney’s office said.
From approximately April 1-June 2, 2010, Tincher maintained separate checking accounts at Plattsmouth State Bank, Arbor Bank, Murray State Bank and Glenwood State Bank.
When a check is drawn upon an account in one bank, presented for deposit at a second bank, and then transmitted to the bank of origin for payment, there is often a delay of a day or more between the time it was deposited and the time the check was ultimately presented to the bank of origin to be paid from available funds. The bank of origin still shows the money in the account and the bank in which the funds were deposited shows the same amount.
That scenario is a float, U.S. Attorney spokeswoman Jan Sharp said.
Ticher had farming and land development interests, as well as an auto dealership, investment company and asphalt repair business, according to news reports.
The case was investigated by the Federal Bureau of Investigation.