Former TierOne Bank CEO gets 11 years in federal prison

Former TierOne Bank President James Laphen was sentenced Thursday to 34 months in prison, a day after his former boss got 11 years for the fraud that sank what was Lincoln’s largest bank. Laphen.

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Former TierOne Bank CEO gets 11 years in federal prison A longtime Nebraska lawyer who later served as the CEO of TierOne Bank when it became insolvent was sentenced Wednesday to an 11-year federal prison term. He was also ordered to pay a $1.2 million.

The former chief executive officer of ArthroCare Corporation was sentenced to serve 20 years in prison, and the former chief financial officer was sentenced to serve 10 years in prison today for their leading roles in a $750 million securities fraud scheme.

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01/08/19 MNPS Board Meeting Former bank CEO gets 11 years in prison for fraud. Gilbert Lundstrom, 74, was the CEO of TierOne Bank, a $3 billion publicly traded company. In November, Lundstrom was convicted of 12 counts out of 13 charged, including conspiracy to commit wire fraud and securities fraud, conspiracy to falsify bank entries, wire fraud,

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LINCOLN – The jury that found former TierOne. The bank’s 2010 collapse was the state’s largest-ever. Former Chief Executive Lundstrom, 74, was found guilty on 12 of the 13 federal counts against.