Former Lakeville mayor’s husband charged with alleged $1.4 million swindle
In federal court yesterday, a 57-year-old Lakeville man was charged with fraudulently obtaining more than $1.4 million in loans from four different banks, according to a press release from the United States Department of Justice.
Kevin A. Dahl, husband of former Mayor Holly Dahl, was charged with one count of bank fraud in connection to this case. According to the release, from Feb. 6, 2007 to Feb. 1, 2008 Dahl submitted false applications and supporting documents for loans he sought from various banks. In the applications, he allegedly overstated his assets, writing that he had a net worth of more than $9 million, which the Justice Department says is not the case. Dahl obtained the loan money from four banks: Lake Area Bank, First National Bank of Northfield, Voyager Bank and Community Banks of Colorado.
If convicted, Dahl faces a possible maximum penalty of 30 years in prison, which will be determined by a federal district court judge. The Federal Bureau of Investigation was responsible for investigating the case.