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Former Dubuque Bank Vice- President Sentenced

The former vice-president of a Dubuque bank, who prosecutors say conspired to lie to the bank for years, has been sentenced to probation. 66 year old Dan Raduns of Dubuque pleaded guilty last month to one count of conspiracy to make false statements to a financial institution and was sentenced to three years of probation yesterday in federal court in Cedar Rapids. Between 2007 and 2009, Raduns worked as a vice-president at a bank in Dubuque. During that time he conspired with another person to lie to the bank about how much money the bank was loaning to the other person and how it was being used. The pair claimed the money was being used on a construction project, when in fact it was being used for something else. The bank ultimately lost over $320,000 on loans made on the project. Raduns was ordered to pay back the money to the bank.

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