Former banker gets prison for bank fraud, money laundering Follow Us
Question of the Day
By - Associated Press - Sunday, January 24, 2021
BILLINGS, Mont. (AP) - A former banker from Billings has been sentenced to a year in prison for approving bank loans to a man without disclosing his own private loans to the same man.
Stephen Phillip Casher, 47, was sentenced Friday after earlier pleading guilty to bank fraud and money laundering, The Billings Gazette reports.
Casher and many others were charged for their dealings with former coal executive Larry Price Jr., who has admitted stealing $40 million through various schemes. Price was sentenced to five years in prison last October for defrauding Signal Peak Energy and two private investment groups to which Casher belonged.
A former market president at Rocky Mountain Bank was sentenced to a year and a day in prison Friday for not telling the bank about millions of dollars worth of