Monongalia County man sentenced for bank fraud

CLARKSBURG, WEST VIRGINIA – Robert Lee Altmann, 67, of Morgantown, West Virginia, was sentenced to twelve months and one day in prison for bank fraud, United States Attorney William J. Ihlenfeld, II, announced.

Altmann, an insurance agent, fraudulently solicited his employer’s clients to buy cheaper insurance from him by using a fictitious company. Instead of purchasing an insurance policy, Altmann and used their money and the incoming premium payments for his own personal living expenses.

Assistant U.S. Attorney Andrew R. Cogar prosecuted the case on behalf of the government. The West Virginia Insurance Commission Office of Inspector General investigated.

U.S. District Judge Irene M. Keeley presided.