NEWTON COUNTY, Ind. (WLFI) — A former Newton County banker is sentenced to more than six years in prison, following an investigation into bank fraud.
According to court documents, 46-year-old Mark Warne of Brook, Indiana, devised a scheme to defraud Community State Bank, where he was president.
Prosecutors said he caused the bank to issue more than $6 million in fraudulent loans.
On Thursday, Warne was sentenced to 78 months in prison and two years supervised release. He must also pay more than $3.4 million in restitution.
Warne is expected to begin his prison sentence in December.