- Associated Press - Thursday, November 26, 2015

SIOUX CITY, Iowa (AP) - A former senior vice president of a bank and four accomplices must pay in cash and time behind bars for defrauding a bank in northern Iowa.

Richard Jones, 62, of Emmetsburg; Michael Manning, 68, of Milford; and Aric Manning, 37, of Phoenix, were sentenced Tuesday in U.S. District Court in Sioux City.

From November 2003 to March 2010, prosecutors said, Jones used his position at Iowa Trust and Savings Bank in Emmetsburg to forge customers’ signatures on fraudulent loan documents and direct nearly $476,000 to the Mannings and two other people, Russ Salton, 55, of Ruthven, and Sue Salton, 52, of West Des Moines.

Jones forged the signatures, repeatedly lied to and tricked his bank colleagues and repeatedly stole the identities of some bank customers to fraudulently direct money to the Mannings and Saltons, prosecutors said.

Jones and the Mannings each were convicted of one count of bank fraud. Jones was sentenced to 14 months in prison and told to pay more than $207,000 in restitution.

Aric Manning was given a year and ordered to pay more than $58,000 in restitution. Michael Manning was sentenced to a day and ordered to pay nearly $27,500 in restitution.

Sue Salton pleaded guilty to making false statements to a bank and was sentenced Oct. 23 to time served - about a day - and forfeited $10,000 to federal authorities.

Russell Salton pleaded guilty to bank fraud and was sentenced Nov. 9 to 13 months in prison and ordered to pay restitution of nearly $122,000.

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