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Ex-banker gets 3 years in prison for Missouri fraud

gavel imageJEFFERSON 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.

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