Plattsmouth Man Sentenced For Bank Fraud
Acting United States Attorney Robert C. Stuart announced that Mark A. Tincher, age 59, of Plattsmouth, Nebraska, was sentenced on June 26, 2017, by the Honorable Laurie Smith Camp to five years of supervised release, a fine of $50,000, and ordered to pay restitution of $833,404.65 to Plattsmouth State Bank. Tincher had previously pled guilty to one count of bank fraud.
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.
The case was investigated by the Federal Bureau of Investigation.