Former employee gets prison for scheme to get $250,000 from credit union in Mt. Pleasant
An Iowa woman will spend 30 months in federal prison for issuing nearly a quarter-million dollars in loans to herself and family members without approval from the credit union where she worked.
Lori Kristine Bentler, 44, of Salem, Iowa, admitted to issuing and refinancing several loans to herself, her sister, and her daughter, without the required permission from the board of directors of M.H.I. Credit Union in Mt. Pleasant, Iowa. Bentler was reportedly the credit manager for M.H.I. Credit Union.
“Bentler concealed many, if not all, of the unapproved loans from the board of directors and exposed M.H.I. Credit Union to a risk of loss on those loans,” VanderSchel said.
Bentler admitted to issuing the loans between November 2009 and September 2011, according to a statement from Acting U.S. Attorney Kevin VanderSchel. Bentler pleaded guilty to one count of bank fraud in connection with her funding a $30,000 loan to herself in March 2011.
As part of her plea agreement, Bentler was sentenced March 18, 2016, to 30 months in federal prison to be followed by five years of supervised release. She was also ordered to pay $249,250.51 in restitution.