Former Columbiana company executive sentenced for $3.6 million b - 21 News Now, More Local News for Youngstown, Ohio -

Former Columbiana company executive sentenced for $3.6 million bank fraud

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CLEVELAND, Ohio - The third, and final former executive of a Columbiana County business is sentenced for his part in a scheme to defraud a bank.

A judge in U.S. District Court on Monday placed Lee Stoneburner of Columbiana on probation for three years. In addition, the judge ordered that Stoneburner's location will be electronically monitored for eight months.

Stoneburner, the former President of Dart Trucking pleaded guilty earlier to conspiring to commit bank fraud.

He and two other Dart Trucking executives were convicted for their part in a conspiracy to cheat Huntington Bank out of more than $3.6 million in a check writing scheme.

Former Dart Chief Executive Officer Timothy Kephart of Morrisdale, Pa. was sentenced to 46 months in prison earlier for bank fraud and conspiracy to commit mail fraud.

Financial Officer Mark Michael of Clearfield, Pa. was sentenced earlier to 30 months in prison for bank fraud.

Dart's offices were located in Columbiana.

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