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Iowa CEO who stole over $600,000 gets measly 3 years in prison

CEDAR RAPIDS - Another white collar Iowa criminal who stole hundreds-of-thousands of dollars while perched as a fancy CEO will serve only about three years in prison and is still out walking free, proving once again that white collar crime might be worth the risk for these greedy corporate types. A federal judge described the criminal's conduct as the product of greed and waste.
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Federal courthouse, Northern District of Iowa in Cedar Rapids

CEDAR RAPIDS – Another white collar Iowa criminal who stole hundreds-of-thousands of dollars while perched as a fancy CEO will serve only about three years in prison and is still out walking free, proving once again that white collar crime might be worth the risk for these greedy corporate types.

Anthony James Lang, age 42, a resident of Jesup, Iowa, and a former Chief Executive Officer of a telecommunications provider in the Northern District of Iowa, received the prison term on September 18, 2025, after an April 9, 2025 guilty plea to one count of wire fraud.

From January 2017 through January 2023, Lang devised and executed a scheme to defraud his employer, a telecommunication and internet service provider. At the time of the scheme, Lang was the CEO of the company and had access to their books and accounts. Over a six-year time period, Lang stole over $600,000 from the company. At sentencing, Chief Judge C.J. Williams described Lang’s conduct as the product of greed and waste.  It was reported that Lang bought a hot tub in Waterloo worth thousands of dollars, as an example.

Lang was sentenced in Cedar Rapids by United States District Court Chief Judge C.J. Williams. Lang was sentenced to 38 months’ imprisonment. He was ordered to make $662,736.00 in restitution. He must also serve a three-year term of supervised release after the prison term. There is no parole in the federal system.

Lang (pictured at top) was released on the bond previously set and is to surrender to the Bureau of Prisons on a date yet to be set.

The case was prosecuted by Assistant United States Attorney Nicole L. Nagin and investigated by the Federal Bureau of Investigations.

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