FORMER CYBERNET COMPTROLLER SENTENCED

Grand Rapids, Michigan – April 19, 2007 – United States Attorney Charles R. Gross announced that David Martin Roepke, former Comptroller of CyberNET, was sentenced today in United States District Court on one count of money laundering, in violation of title 18, United States Code, section 1956. CyberNET – a Grand Rapids company since 1992 – collapsed after federal investigators executed search warrants at its headquarters on November 16, 2004. The United States alleged that CyberNET principals were involved in a criminal conspiracy to commit bank fraud and other violations of federal law. In particular, it was alleged that CyberNET defrauded numerous banks and other lending institutions through a pattern of false and fraudulent financial representations resulting in losses of approximately 100 million dollars.

Roepke, age 63, pleaded guilty to the money laundering charge on November 20, 2006. Senior U.S. District Judge Richard Alan Enslen imposed a sentence of 3 years probation and ordered Roepke to pay restitution of $265,000.00. In so doing Senior Judge Enslen deviated from the applicable United States Sentencing Guidelines, which called for a term of imprisonment between 41 and 51 months.

The investigation of CyberNET is being conducted by criminal investigators assigned to the Grand Rapids office of the Federal Bureau of Investigation, the Internal Revenue Service, and the United States Postal Inspection Service. The case is being prosecuted on behalf of the United States of America by Assistant United States Attorney Timothy P. VerHey.