Judge says 3 men must pay for defrauding northern Iowa bank - KWWL - Eastern Iowa Breaking News, Weather, Closings

Judge says 3 men must pay for defrauding northern Iowa bank

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SIOUX CITY, Iowa (AP) -- A former bank vice president and two accomplices have been sentenced for defrauding a bank in northern Iowa.

Sixty-two-year-old Richard Jones, of Emmetsburg, 68-year-old Michael Manning, of Milford, and 37-year-old Aric Manning, of Phoenix, were sentenced on Tuesday in U.S. District Court in Sioux City.

Prosecutors say that from November 2003 to March 2010, Jones used his position at Iowa Trust and Savings Bank to forge customers' signatures on fraudulent loan documents and direct nearly $476,000 to the Mannings and two other people.

Jones was sentenced to 14 months in prison and told to pay more than $207,000 in restitution. Aric Manning was given a year and ordered to pay more than $58,000 in restitution. Michael Manning was sentenced to a day and ordered to pay nearly $27,500 in restitution.

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