Berry Roland Bishop has been sentenced by U.S. District Judge Susan O. Hickey in Hot Springs, Ark., to serve 60 months in federal prison followed by three years of supervised release for his conviction on one felony count of bank fraud.
According to court records, in 2011, Bishop was the president and sole owner of Alliance Insurance Group of Arkadelphia and the president of M&B Insurance Properties Inc. An investigation by the FBI revealed that Bishop had misrepresented his financial condition to induce Citizens Bank to extend him loans that would not have otherwise been authorized.
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