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Starbuck man sentenced for conspiring to commit bank fraud, money laundering

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MINNEAPOLIS - A 55-year-old Starbuck man was sentenced in federal court in St. Paul on Friday, Dec. 2, 2011 for conspiring with others to steal more than $1 million in loan proceeds from the First Bank of Kensington.

William Felix Schluter was sentenced to one year in federal prison on one count of conspiracy to commit both bank fraud and money laundering. Schluter was charged on Sept. 4, 2010 and pleaded guilty on June 17, 2011.

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