Former Greenbush, Minn.-based bank CEO sentenced for involvement in 'African diamond and gold' scam
By Shannon in Business
Updated 3 years ago
The former CEO of a chain of northern Minnesota banks has been sentenced to 18 months in federal prison for using his position to issue unauthorized letters of credit to buy into an African gold and diamonds scam. Robert John Hager, 71, also was sentenced to two years of probation...