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Cedar Falls Co-op Manager Sentenced To Prison

Pleads Guilty in Bank Fraud Scheme

A 39-year-old Cedar Falls man was sentenced to prison after pleading guilty in a bank fraud scheme.  Nolan DeWall was a manager and shareholder at a Black Hawk County grain co-op, as well as a part owner of a trucking company in Dike. Evidence at the hearing showed that in May of 2018, DeWall conducted a “check-kiting” scheme in which he transferred large amounts of funds by check between the grain co-op and the trucking company.  DeWall was sentenced to a year and one day in prison. He must also pay over $217,000 in restitution to his partners in the trucking business and serve a two-year term of supervised release after the prison term.  He is also facing trial next month in an unrelated hog farm operation neglect case in Black Hawk County.

Scott Fenzloff

Scott has been with Coloff Media since 1995, and on the air in the Cedar Valley since 1989. You can catch Scott 6-10AM Mon-Fri on Cruisin KCFI, along with news updates at noon and 5PM.
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