Former Anchorage man sentenced for bank fraud

Posted: Wednesday, May 09, 2001

ANCHORAGE (AP) -- A Nebraska man who ran the Anchorage boat show for nearly 15 years has been sentenced to eight months in prison and ordered to pay restitution after pleading guilty to bank and wire fraud charges.

Steve Morgheim, who now lives in Gering, Neb., was sentenced Tuesday in federal court, according to Assistant U.S. Attorney Crandon Randell.

U.S. District Judge James Singleton ordered Morgheim to pay $40,250 in restitution to the Anchorage Marine Dealers Association. He said Morgheim could serve the last four months of his sentence under home confinement.

Morgheim was allowed to return home and will report to prison when notified.

Morgheim was the longtime executive director of the dealers' association, and had moved to Nebraska in the late 1980s, Randell said. He continued running the organization from there, making periodic trips north.

Morgheim ran for mayor of Gering in 1998.

Fraud charges were filed against Morgheim on June 29, 2000, after an investigation into his bank records.

The dealers' association required two signatures on its checks to deter fraud, but Morgheim forged the second signature on about 40 checks, Randell said.

Morgheim forged the signature on checks for nearly $99,000 from the association, but some of the money was used for legitimate expenses, Randell said.

Subscribe to Peninsula Clarion

Trending this week:


© 2018. All Rights Reserved. | Contact Us