Friday, March 15, 2013
14 March 2013 Press Release: "Topeka Business Owner Pleads Guilty in Check Kiting Scheme" @ Federal Bureau of Investigation
Reads like Gov. Brownback and the super-majority in the state legislature budgetary decisions, but it's not. Wonder if they knew the guy?
[Quote] " ... John Charles Humpage, III, 48, Topeka, Kansas, pleaded guilty to one count of bank fraud. In his plea, he admitted that in 2008, he defrauded the Educational Credit Union, Kaw Valley State Bank, and Alliance Bank. ... From May through August 2008 he exchanged and cross deposited more than 5,000 insufficient checks and created in excess of $78 million in aggregate deposit amounts. Those deposits falsely inflated his bank account balances by more than $600,000. ... "
Read the complete press release at the FBI.