U.S. Attorney Christopher A. Crofts announced today that Burlington, Wyoming resident Marvin Iverson has been convicted in federal court. Iverson was charged in a Superseding Indictment on March 21, 2013, for violating 18 U.S.C. § 1344, bank fraud. A jury found Iverson guilty after a three-day jury trial in the U.S. District Court in Cheyenne. Iverson executed a scheme to defraud federally insured financial institutions (including Big Horn County Savings Bank) by passing checks on a closed account to pay off large debts. Iverson is scheduled to be sentenced by Federal District Court Judge Alan B. Johnson on October 8, 2014.

The investigation in this case was conducted by the Federal Bureau of Investigation, assisted by the Big Horn County Sheriff and Cody Police Department.