A 32-year-old Lyons man got a short prison term Monday for a bank fraud that led two banks to lose a combined $334,000.
Joshua Huffman pleaded guilty in a deal with the government.
Senior U.S. District Judge Laurie Smith Camp sentenced him to three months of imprisonment and five years of supervised release, and ordered Huffman to make restitution.
In a news release, United States Attorney Joe Kelly said from December 2014 through May 2015, Huffman submitted a series of false and fraudulent financial statements to United Bank of Iowa in Ida Grove and to Washington County Bank in Blair to obtain loans for his farming operation.
Kelly said the financial statements contained false information that ultimately resulted in the loans going into default. United Bank of Iowa suffered a loss of about $320,000 while Washington County Bank suffered a loss of almost $14,000.
This case was investigated by the United States Postal Inspection Service and the FBI.