BANK FRAUD: John Kline Sentenced
A Des Moines developer will spend more than two years in jail.
John Kline was sentenced to 30 months in federal prison.
Kline pleaded guilty to two counts of bank fraud in January. He admits to diverting funds from two development projects between 2004 and 2006.
Kline will also have to pay more than a million dollars in fines.
A former partner of Kline’s, Randy Walters, took a plea deal in the case. He’s expected to begin serving his one-year sentence this month.