United States v. Ryan

*1346MEMORANDUM DECISION

DENNEY, District Judge.

This civil action was brought by the United States of America against individual defendants Kelly P. Ryan (hereafter Ryan) and Boyd R. Hammond (hereafter Hammond) and corporate defendant Sidles Enterprises, Inc. (hereafter Sidles), as guarantors on a loan procured from the United States National Bank of Omaha (hereafter the Bank), guaranteed by the United States Navy (hereafter the Navy). The purpose of the entire transaction was to enable Kelly Ryan Equipment Company (hereafter the Company) to construct refrigerated barges for the Navy under contract.