Ft. Pierre Man Sentenced For Bank Fraud

United States Attorney Brendan V. Johnson announced that a Fort Pierre, South Dakota, man convicted of bank fraud was sentenced on December 12, 2013, by U.S. District Judge Karen E. Schreier.

Wyatt Rasmussen, age 40, was sentenced to 33 months in custody to be followed by 3 years of supervised release.  He was also ordered to make restitution of $238,969.59.
         
Rasmussen was indicted for bank fraud by a federal grand jury on May 8, 2013.  He pled guilty on August 1, 2013.
         
Rasmussen applied for a business line of credit from Dakotaland Federal Credit Union in Huron.  In support of his application, he created and submitted fraudulent documents that grossly overstated and misrepresented his income.  Rasmussen received the line of credit and used the funds for his own personal purposes.
         
This case was investigated by the Federal Bureau of Investigation.  Assistant U.S. Attorney Ann M. Hoffman prosecuted the case.
 
Rasmussen was immediately turned over to the custody of the U.S. Marshals Service.