This story was updated to include the sentence length.
A Hampton man was sentenced Wednesday to 12 months and a day in U-S Federal Court in the Western District of Missouri for bank fraud.
71-year-old Roger Dean Peters had entered a guilty plea to a single count of bank fraud on May 30th, 2024.
In his plea agreement, he admitted that he had kited checks between accounts at the Exchange Bank of Missouri and First National Bank in Hampton, by creating fictitious balances that he perpetuated by continuing to write more and more checks. When the scheme collapsed, the bank estimated the total overdraft amount to be $2,882,904.20, exclusive of unpaid fees and other expenses.
During the same time, Peters also held a line of credit, and used an intermediary to make fraudulent claims on the line of credit. His sentence also included a two-year term of supervised release, and an order of restitution.
