- Associated Press - Wednesday, April 27, 2016

LINCOLN, Neb. (AP) - A 39-year-old Nebraska man has been given three years in federal prison for lying on loan documents.

Federal prosecutors say Shane Wibbels, of Pleasanton, was sentenced Tuesday in U.S. District Court in Lincoln. He must serve two years of supervised release after leaving prison and make restitution of nearly $1.8 million.

FBI agents determined that Wibbels made a false representation on an agricultural financial statement that he submitted March 22, 2010, to a federally insured financial institution. The agents say the statement didn’t include Wibbels’ significant financial liabilities.

Prosecutors say Wibbels later defaulted on loans he received.



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