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Grand Forks Herald, Published September 03 2010

Former ND bank president to plead guilty

HILLSBORO, N.D. — The former president of a Hillsboro bank is scheduled to plead guilty Nov. 17 in an alleged illegal banking case.

The Grand Forks Herald says Curtis Kaufman is accused of transferring $5,000 from a Goose River Bank customer's account without approval and using the money to cover the sale of three repossessed vehicles belonging to another man.

Kaufman was fired after the allegations surfaced.

He is charged with misapplication of entrusted property, a felony that carries a maximum penalty of five years in prison.

Information from: Grand Forks Herald, http://www.grandforksherald.com

Copyright 2010 The Associated Press.