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Associated Press, Published October 03 2012

Sister of ND bank officer to plead guilty to fraud

BISMARCK — The sister of a former North Dakota bank executive awaiting sentencing for stealing from clients says she will plead guilty in the same case.

Ann Loran is charged in federal court with conspiracy to commit bank fraud and money laundering. Authorities say she was part of a scheme to steal nearly $800,000.

Betty Kolling, a former trust officer at Bank of the West in Dickinson, and her husband, Walter Kolling, pleaded guilty earlier. Their sentencing is Nov. 13.

Loran is Betty Kolling's sister.

Authorities say the Kollings and Loran conspired to raid trust funds and in one case obtain lucrative mineral rights for a nominal fee.

Betty Kolling said at her plea hearing she began stealing to help Loran, who was caring for their ailing mother at the time.


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