Former Plattsmouth car dealer pleads to bank fraud

Former Plattsmouth car dealer pleads to bank fraud.

A 59-year-old Plattsmouth man pleaded guilty in federal court in Omaha Monday to bank fraud that prosecutors say resulted in almost an $800,000 loss.

Mark A. Tincher faces up to 30 years imprisonment and a $1 million fine at his sentencing in June, Acting U.S. Attorney Robert Stuart said in a news release.

Between April 2010 and June 2010, Tincher had separate checking accounts at Plattsmouth State Bank, Arbor Bank, Murray State Bank and Glenwood State Bank, Stuart said.

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FBI investigators found Tincher used a fraudulent scheme called check kiting to manipulate checks between the four banks, Stuart said.

This manipulation created artificially inflated bank balances that Tincher used for business purposes, the release said.

Because of Tincher's scheme, Plattsmouth State Bank lost about $700,000, and Glenwood State Bank lost about $90,000, the release said.

Tincher had previously run Tincher Chevrolet Oldsmobile. The dealership in Plattsmouth closed in July 2011 after opening in 1993.

In 2014, the U.S. Department of Labor sued Tincher, alleging he abandoned responsibility for the business' 401(k) plan and left participants with no access to the money.

The lawsuit was settled later that year when a federal court appointed an accounting firm in Missouri to oversee the 401(k) plan and provide access to its contributing members.

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