A 34-year-old Rosemount man pleaded guilty yesterday in federal court to one count of bank fraud. The charge stemmed from a scheme to obtain mortgages and funds from the Inver Grove Heights Bremer Bank where he was formerly employed. According to a release from the US Attorneys Office, in the plea agreement Eric Sunsdahl admitted that in April 2005 as a personal banker at Bremer he created a $100000 home equity line of credit based on a fraudulent loan application. Sunsdahl was originally indicted April 21 on seven counts of bank fraud, seven counts of false statements on loan applications and one count of conspiracy to commit wire fraud stemming from the scheme, which allegedly spanned from 2004 through 2007. In a separate action, an independent mortgage broker from Eagan, John Rubischko, age 37, was sentenced in January to 87 months in federal prison on one count of wire fraud and one count of aggravated identity theft. Rubischko helped Sunsdahl disburse the fraudulently obtained funds and paid Sunsdahl for arranging the transactions. Sunsdahl faces a potential maximum penalty of 30 years in prison. He will be sentenced at a future date.
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