Reliable, Trustworthy Reporting, Capturing The Heartbeat Of Our Community
Reliable, Trustworthy Reporting, Capturing The Heartbeat Of Our Community
A former Ericson State Bank president will spend 18 months in prison after being sentenced in US District Court. Jackie "Jack" Poulsen will receive five years of supervised release to follow the jail sentence. Poulsen was additionally ordered to pay $815,000 in restitution.
Jackie Poulsen, also known as Jack Poulsen, 71, of Ericson was sentenced Aug. 1, in federal court in Lincoln, for bank fraud, United States Attorney Susan Lehr announced recently.
U.S. District Judge Susan Bazis sentenced Poulsen to 18 months' imprisonment with five years of supervised release to follow. There is no parole in the federal system. Poulsen was additionally ordered to pay $815,000 in restitution.
Poulsen was the president of Ericson State Bank from June 2010 until September 2019. He was also on the board of directors for the bank. In his role as president, he was responsible for o...
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