Former Lakeville Mayor's Husband Charged With Swindling Banks

The husband of a former Lakeville mayor has been charged in federal court with bank fraud for his role in swindling four banks out of more than $1 million in fraudulently obtained bank loans.

Kevin A. Dahl, 57, husband of former Lakeville mayor Holly Dahl, was charged July 10 by the U.S. Attorney's Office of bilking $1.4 million from Lake Area Bank, First National Bank of Northfield, Voyager Bank and Community Banks of Colorado.

The charging document states that from Feb. 6, 2007, through Feb. 1, 2008, Dahl submitted false applications and supporting documents for loans he sought from the banks. In the applications, he specifically overstated his assets, representing that he had assets worth more than $9 million, when that was not the case. Because of his fraudulent representations, Dahl obtained the loans.

If convicted, Dahl faces a potential maximum penalty of 30 years in prison. 

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