From The Associated Press
HIGGINSVILLE, Mo. —
A northwest Missouri man admits that he defrauded banks of more than $2 million.
Thirty-five-year-old Clint Edward Dukes of Higginsville pleaded guilty in federal court Wednesday to defrauding First Community Bank, U.S. Bank and First Central Bank from March 2004 to July 2011.
Prosecutors say Dukes, who owned a body shop, gave the banks fraudulent invoices after claiming he repaired state vehicles. He also filed fake financial disclosure statements to hide a scheme to use loans from each bank to pay off loans from the other banks.
The Kansas City Star reports Duke must forfeit $2,053,949 to the government. He faces a sentence of up to 30 years in prison.