Wichita man pleads guilty to $1M bank fraud

WICHITA, Kan. (AP) -- A Wichita man has pleaded guilty to bank fraud in which he stole more than $1 million.

U.S. Attorney Barry Grissom said in a statement Thursday that 59-year-old John Kammerer pleaded guilty to one count of bank fraud.

Kammerer admitted that while working as a controller for Network Results of Kansas, he accessed the company's bank account to steal more than $1.2 million. The fraud involved Kammerer issuing checks to the account of HMK Enterprises, which he controlled.

Sentencing is set for July 19. He faces a maximum penalty of 30 years in federal prison and forfeiture of $1.2 million.