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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.

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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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