JEFFERSON CITY, Mo. (AP) — A Missouri bank’s former vice president has been ordered to spend three years in federal prison for his role in two fraud schemes that prosecutors say totaled $22 million.
Fifty-one-year-old Richard Newman Delong of Newburg was sentenced Tuesday in Jefferson City.
He pleaded guilty in 2014 and last year to fraud-related charges in the cases. He also was ordered to pay more than $4.2 million in restitution.
Authorities say Delong led a $4.1 million plot to defraud the Small Business Administration and participated in an unrelated $18.2 million scheme to bilk the U.S. government while awaiting sentencing for that earlier scheme.
Prosecutors say Delong was executive vice president and chief lending officer at Mid-America Bank in Dixon.