A former Lawrence banker has been sentenced to five years in federal prison for a loan fraud that caused millions of dollars in losses. Troy Gregory was sentenced Tuesday and also ordered to pay $4.7 million in restitution. Gregory, a former officer of University National Bank in Lawrence, was found guilty in August 2019 of four counts of bank fraud and two counts of making false statements. Prosecutors say in 2007, Gregory tried to secure a $15.2 million construction loan for bank customers who wanted to build an apartment complex in Junction City. He misrepresented the strength of the borrowers and used some of the money for other purposes.
AP: Former Lawrence banker sentenced for loan fraud
0
