Nebraska man sentenced for federal wire fraud

News

June 24th, 2012 by Ric Hanson

OMAHA, Neb. (AP) – A Fremont, NE, man has been sentenced to 18 months in federal prison for a wire fraud conviction that cost banks and insurance companies in Nebraska and Iowa millions of dollars.  Thomas Herink was sentenced Thursday in Omaha’s U.S. District Court. In addition to prison, Herink was given three years of supervised probation following his release and ordered to repay more than $5 million to his victims.
 
U.S. Attorney Deborah Gilg says Herink falsified financial statements for his golf course construction company to defraud lenders and insurers.  Gilg says Herink carried out the scheme in order to participate in large construction contracts throughout the country. Prosecutors say when Herink defaulted on some of the projects, the banks and insurance companies lost more than $8 million.