The U-S Attorney’s Office for the Southern District of Iowa reports 67-year old Jack Douglas Sprouse, of Honey Creek, was sentenced last Friday to 15 months in prison for Bank Fraud.  Sprouse was ordered to serve five years of supervised release to follow his prison term and pay restitution in an amount of $236,023.54.

According to the plea agreement, Sprouse was the owner of Business Security Software Systems. Beginning at least as early as January 2013, until May of 2016, Sprouse, on behalf of the company, submitted false information to First National Bank of Omaha to ensure the continued distribution of money from a business loan to the company.

The matter was investigated by the Federal Bureau of Investigation and the case was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.