Omaha Banker Pleads Guilty To Bank Fraud Charges

By: Associated Press Email
By: Associated Press Email

An Omaha banker will be sentenced in June after pleading guilty to six counts of bank fraud.

Federal prosecutors say Michael Breault was vice president and director of Charter West National Bank in Omaha's Elkhorn community when the fraud occurred between March 2005 and September 2009.

Authorities say Breault applied for nearly $600,000 in loans using names of people without their permission by forging signatures.

Prosecutors say Breault used the money for his own benefit.

Breault pleaded guilty on March 28 and could get up to 30 years in prison for each count when he's sentenced on June 11.

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