Couple sentenced for KC-area bank fraud scheme

KANSAS CITY, Mo. (AP) — A couple has been sentenced to federal prison for a $664,000 bank fraud scheme tied to a construction project in a subdivision in the Kansas City suburb of Lee’s Summit.

Fifty-two-year-old Dennis R. Key was ordered Tuesday to serve three years and five months in federal prison without parole. His wife, 49-year-old Michal Ann Key, was sentenced to 18 months in federal prison without parole. The court also ordered the couple, both originally from Kingsville, to pay restitution.

The Keys admitted through an earlier guilty plea that they stole from a longtime friend by double-billing him for work, and by concealing that double-billing through hidden fees, shell companies and bank accounts, and by signing false and fictitious names to checks. The scheme took place from August 2006 through November 2009.

 

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