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(Davenport, IA) -- A former Davenport chiropractor is pleading guilty to federal charges of bank fraud, money laundering, and false bankruptcy declaration.
51-year-old Jason Rannfeldt owned and operated Rannfeldt Clinic as well as four other businesses.
He's admitted to applying for more than a million dollars in Paycheck Protection Program loans that were based on false information.
Rannfeldt will be sentenced on March 26th in federal court in Davenport.