You are here

Justice News

Department of Justice
U.S. Attorney’s Office
District of Nebraska

FOR IMMEDIATE RELEASE
Monday, March 13, 2017

Plattsmouth Man Pleads Guilty to Bank Fraud

Acting United States Attorney Robert C. Stuart announced that Mark A. Tincher, age 59 of Plattsmouth, pleaded guilty today to an Information charging him with one count of bank fraud, before the Honorable Laurie Smith Camp. If convicted, he faces a maximum of 30 years’ imprisonment, a $1,000,000 fine and three years of supervised release.

 

From approximately April 1, 2010, to approximately June 2, 2010, Tincher maintained separate checking accounts at Plattsmouth State Bank, Arbor Bank, Murray State Bank and Glenwood State Bank. Tincher conducted a scheme, known as check kiting, whereby he manipulated checks between the four banks to create artificially inflated bank balances through the utilization of float, then used the inflated bank balances for business purposes. 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. Plattsmouth State Bank lost approximately $700,000.00 and Glenwood State Bank lost approximately $90,000.00 as part of Tincher’s scheme.

 

Sentencing has been set for June 12, 2017.

 

The case was investigated by the Federal Bureau of Investigation.

Topic: 
Financial Fraud
Updated March 17, 2017