April 8, 2021
BISMARCK, N.D. (AP) — A Mandan man will serve four years in federal prison for bank fraud and transporting stolen livestock across state lines.
Prosecutors say Kelly Glatt took out a $1.5 million loan to purchase cattle and supplies, but took steps to hide collateral and assets from the bank.
The 39-year-old Glatt was also convicted of stealing cattle from other ranchers and transporting the stolen livestock from North Dakota to South Dakota.
A federal jury found Glatt guilty last October of the crimes committed from February 2014 to July 2017.