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Missouri woman pleads guilty in $700K bank fraud scheme

Missouri woman pleads guilty in $700K bank fraud scheme

February 8th, 2011 in News

KANSAS CITY, Mo. (AP) - A former bookkeeper for a Kansas City sheet metal business has pleaded guilty to stealing more than $700,000 from her employer.

The U.S. attorney's office said in a news release that 46-year-old Kim Brown entered the plea Monday in federal court in Kansas City. She faced 16 counts of bank fraud.

Brown admitted that from September 2002 to October 2009, she wrote at least 474 unauthorized checks, totaling $718,167. Brown forged the signature of a business co-owner on the checks and deposited the funds into her own bank accounts.

She faces a sentence of up to 30 years in federal prison without parole on each of the 16 counts. She also faces a fine up to $1 million on each count and an order of restitution.

Link:

U.S. Attorney's Press Release