Due to the lapse in appropriations, Department of Justice websites will not be regularly updated. The Department’s essential law enforcement and national security functions will continue. Please refer to the Department of Justice’s contingency plan for more information.

United States v. Gilbert Lundstrom


United States v. Gilbert Lundstrom
Gilbert G. Lundstrom, 72, of Lincoln, Nebraska was the CEO of TierOne Bank from 1999 to January 2010. According to allegations in the indictment, he and others concealed the true value of TierOne’s loan and real estate portfolio. They also provided falsely inflated figures in their reporting to the U.S. Securities and Exchange Commission (SEC) and the Office of Thrift Supervision (OTS).

Case Open Date: 
Tuesday, December 9, 2014
James Laphen
Don Langford
TierOne Bank
Updated July 19, 2017