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Cedar Rapids man sentenced to prison for bank fraud

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A Cedar Rapids man is sentenced to nearly six years in prison after he is found guilty of bank fraud, aggravated identity theft, wire fraud, and misapplication by a bank officer.

According to the U.S. Attorney’s Office – Southern District of Iowa, Christopher Michael Goerdt, 40, was sentenced on Monday, April 19 after an investigation into fraudulent activities dating back to 2006 at multiple financial institutions.

Goerdt was also ordered to five years of supervised release after his prison sentence, pay $1.1 million in restitution to victims of the crimes he committed, and pay $1,500 to the Crime Victims’ Fund.

The court said those victims include these businesses: County Bank, Peoples Trust and Savings Bank, Farm Bureau Financial Services, and Everest Insurance

During the investigation into Goerdt’s fraudulent activities, agents uncovered he falsified loan documents, diverted loan proceeds, altered appraisals, made false statements to investigators, and got loans without the knowledge of customers.

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