LINCOLN, Neb. (AP) — A former Fremont car dealer has been sentenced to a year and a day in federal prison for bilking lenders out of at least $500,000.
The Omaha World-Herald reports that 46-year-old Jason Siemer was sentenced last week in Lincoln's federal court.
Siemer also was ordered to pay $500,000 in restitution and serve four years of supervised release.
Officials say Siemer has already paid $200,000 in restitution.
He was given 90 days to surrender to federal authorities to begin serving his prison sentence.
Siemer pleaded guilty to fraud for obtaining a line of credit from an Omaha bank after creating a false financial statement that failed to include his line of credit from another bank.