A 55-year-old Starbuck man was sentenced Friday to one year in prison for conspiring with others to steal more than $1 million from the First State Bank of Kensington, according to the U.S. Attorney’s Office.
William Felix Schluter pleaded guilty in June. He admitted that from 2002 through 2006, he conspired with an unnamed individual to steal money from the bank through the use of straw borrowers. Schluter and the unnamed individual also created and submitted false loan applications and bank records to the bank, the U.S. Attorney’s Office said.
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