NORTHWOOD, Iowa (AP) — A former northern Iowa mayor is facing fraud charges in connection to his former lumber business.
Court documents say fifty-two-year-old Randy Severson was arrested Wednesday and is charged with defrauding $300,000 from Northwood State Bank between 2011 and 2014, while he was the president of Northwood Lumber.
Severson, who is the former Northwood mayor, is accused of using the names of family members, customers and acquaintances without their knowledge to make phony invoices that were submitted to the bank to create lines of credit.
He is charged with ongoing criminal conduct, three counts of first-degree fraud and three counts of second-degree fraud.
Severson resigned as Northwood mayor in November 2012.
Court records don’t list the name of an attorney who could be reached for comment.
