MidwestOne Bank has suffered a loss of $62,920.06 because of an alleged fraudulent wire transfer.

Micky Davis, 59, Ainsworth, Neb., was charged Jan. 15 with first-degree theft.

According to an Iowa City police complaint, the defendant received $62,920.06 in his bank account from a fraudulent wire transfer performed by a third party.

Davis then reportedly wired part of that money to a third party in Hong Kong. In addition, the complaint said, he withdrew $13,000 in cash for himself.

The defendant allegedly deposited two counterfeit checks from the same third party around the time of the wire transfer.  

He provided the bank with fictitious information on where the money came from.

First-degree theft is a Class-C felony.

— by Megan Sanchez