A former Minnesota bank CEO has been sentenced to 18 months in prison after pleading guilty to falsifying bank records. While acting as the CEO of Border State Bank, Roger Hager misappropriated more than one-point-six-million dollars as part of a scheme investing in African diamonds and gold. After maxing out his own borrowing, Hager used loans from customers and shareholders as well as unreported Standby Letters of Credit to have the materials delivered from Africa. The former CEO will also serve two years of supervised release.
Former Minnesota Bank CEO Sentenced To 18 Months In Prison
By Ashley Hanley|2021-03-04T06:04:21-06:00March 4th, 2021|
About the Author: Ashley Hanley
Ashley (Goettl) Hanley is a North Mankato native and Mankato West graduate who made the switch from TV journalism to radio. After five years at KEYC News 12, Ashley is thrilled to be working for KTOE News. Ashley and her husband John, and son John, enjoy spending time in the community. You can also find Ashley coaching and playing softball and supporting her brother on the MSU football team and her sister with Scarlet athletics. Even though she went to the University of Wisconsin-River Falls, Ashley kept her Minnesota roots and is a big Twins and Vikings fan!