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Woman ordered to repay $1 million

Published 12/20/2012, The Jamestown Sun

A 70-year-old North Dakota woman accused in a scheme to raid trust funds was ordered Wednesday to repay more than $1 million and serve probation in lieu of prison time. Ann Loran, of Richardton, pleaded guilty in October to a charge of conspiracy to commit bank fraud. The charge carried a maximum penalty of 30 years in prison.

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