Omaha, Neb. — Federal prosecutors for Nebraska say two former business owners have been sentenced to prison for conspiracy to commit bank fraud.
A news release from the U.S. Attorney’s office for Nebraska says 57-year-old Charles Martin, of Bellevue, and 59-year-old Sherri Atkins, of Omaha, were sentenced Wednesday. Martin received 33 months in federal prison while Atkins received 18 months. Both were ordered to pay restitution of more than $4.6 million.
Martin and Atkins had been the owners of IROCK Concrete of Gretna. Investigators say that from 2010 to 2013, the pair repeatedly submitted fraudulent financial statements to multiple banks that overstated accounts receivable reports and falsely inflated sales invoices in an effort to obtain at least five loans for the business.
Officials say Martin and Atkins used some of the loans for personal expenses, such as car payments and credit card charges.