Dubuque businessman loses appeal of sentence - KWWL - Eastern Iowa Breaking News, Weather, Closings

Dubuque businessman loses appeal of sentence

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CEDAR RAPIDS (AP)--A U.S. Appellate has upheld a 10-year prison sentence for a Dubuque businessman.

Waldner's sentence is the longest ever imposed for bankruptcy fraud in federal court in Cedar Rapids.

Roger Waldner lost the appeal of his 10-year sentence after he pleaded guilty in May 2007 to two counts of lying to creditors in a meeting about the bankruptcy of H & W Motor Express, a Dubuque-based privately held trucking company.

Prosecutors say Waldner transferred more than $1 million to the other companies he controlled before sending the company into bankruptcy.

Waldner is still required to pay $1.7 million in restitution.

Waldner is being held at a minimum-security federal prison in Duluth, Minn.

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