Cedar Rapids man sentenced to federal jail for USAO-SDIA fraud
DAVENPORT, Iowa – On Monday, April 19, 2021, United States District Courtroom Decide Stephanie M. Rose sentenced 40-year-old Christopher Michael Goerdt of Cedar Rapids to 69 months in jail for financial institution fraud, Aggravated Id Theft, Wire Fraud and Improper utility by a financial institution agent was introduced by Appearing United States Lawyer Richard D. Westphal. Goerdt was ordered to serve 5 years of supervised launch to observe his jail sentence and to pay $ 1,500 to the Crime Victims’ Fund. As well as, Goerdt was ordered to pay $ 1,124,343.60 in restitution to the victims of his crimes. Victims embody County Financial institution, Peoples Belief and Financial savings Financial institution, Farm Bureau Monetary Providers, and Everest Insurance coverage.
This investigation started in 2006 when Goerdt was concerned in fraudulent actions at a number of monetary establishments. Goerdt obtained and used a bank card within the title of a financial institution for his private use. As well as, Goerdt falsified mortgage paperwork, misappropriated mortgage proceeds, altered value determinations, misrepresented investigators, and obtained loans with out shoppers’ data. The Courtroom concluded that the loss attributable to Goerdt on the 15 counts to which he pleaded was nearly $ 900,000. Additional, Goerdt knew he was underneath investigation by regulation enforcement and continued his scheme of deception by in search of employment that will permit him to commit additional fraud at Farm Bureau Monetary Providers.
This case has been reviewed by the Federal Bureau of Investigation and the Federal Deposit Insurance coverage Company, Workplace of Inspector Normal (FDIC OIG). This case was continued by the USA Lawyer’s Workplace for the Southern District of Iowa.