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    1980s Iowa bank embezzler Gary Lewellyn dead at 63

    The man behind one of Iowa’s biggest financial scandals of the 1980s has died.
    Gary Lewellyn served almost five years in prison in the 1980s after embezzling $17.7 million from two Iowa banks, including one, the First National Bank of Humboldt, where his father was the president.
    At the time, it was the biggest financial crime in Iowa history.
    He died Wednesday at age 63 in Oklahoma City. The Mason-Lindhart Funeral Home in Humboldt announced his death in an obituary published today. Funeral services are pending.
    During his financial capers in Iowa and beyond, Lewellyn led a life of frequent reinvention that included brushes with fame and brushes with the law in seemingly equal measure.
    As a stockbroker in his early 30s at the height of his embezzling, Lewellyn had a wife and children in West Des Moines and a mistress he called his “pampered princess.” He once ate dinner with President Ronald Reagan at a fundraiser. He drove a yellow Rolls Royce, and in 1982 took it all the way to Las Vegas in a bid to win back the money he’d stolen.
    Lewellyn used the pilfered funds in a stock-kiting scheme. In court, he attempted to blame the fraud on compulsive gambling, an argument the judge did not find compelling.
    In prison for his financial crimes, he reportedly helped prison authorities solve a murder case involving another inmate.
    When he was released in 1987, he became a confidential informant to the FBI in a Chicago money laundering scheme – work that led to convictions of other criminals.
    1980s Iowa bank embezzler Gary Lewellyn dead at 63 | Des Moines Register Staff Blogs



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    Re: 1980s Iowa bank embezzler Gary Lewellyn dead at 63

    Sounds like an interesting cat. Don't really recall that story, but I didn't pay as close attention to the news back then. He embezelled 17 million and only served 5 years? That seems "wrong".....



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    Re: 1980s Iowa bank embezzler Gary Lewellyn dead at 63

    Quote Originally Posted by Bobber View Post
    Sounds like an interesting cat. Don't really recall that story, but I didn't pay as close attention to the news back then. He embezelled 17 million and only served 5 years? That seems "wrong".....
    Yeah, I am sure if that happened now he would face 2 to 3 times as much.

    Also 17 million sounds like a lot to embezzle during the 80s.



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    Re: 1980s Iowa bank embezzler Gary Lewellyn dead at 63

    Wife's mom's maiden name is Lewellyn. There's gotta be a relation there!


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    Re: 1980s Iowa bank embezzler Gary Lewellyn dead at 63

    Good riddance!!
    That boy caused his family a lot of heartache, embarrassment, and pain.



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    Re: 1980s Iowa bank embezzler Gary Lewellyn dead at 63

    He attended many ISU games before and after prison. At Jack Trice he sat right in front of our family. He always wore a baseball cap and sunglasses even on cloudy days.



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    Re: 1980s Iowa bank embezzler Gary Lewellyn dead at 63

    Quote Originally Posted by jtm View Post
    He attended many ISU games before and after prison. At Jack Trice he sat right in front of our family. He always wore a baseball cap and sunglasses even on cloudy days.
    He took Donnie Duncan for a few shekels, and I thought Johnny too.

    He has been out lived by his parents, who were also victims of his scam.


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    Re: 1980s Iowa bank embezzler Gary Lewellyn dead at 63

    He was my high school gov't teacher in the early '70s.



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