KC Reporter

An Iowa resident, Roger Dean Peters, 71, has received a federal prison sentence for his involvement in bank fraud. U.S. District Judge Roseann Ketchmark sentenced Peters to serve twelve months and one day.

Peters admitted guilt to one count of bank fraud on May 30, 2024. The plea agreement revealed that Peters engaged in check kiting between accounts at Exchange Bank of Missouri and First National Bank of Hampton, Iowa. His actions developed fictitious balances, maintained by writing additional checks. The fraudulent scheme resulted in a total overdraft estimated at $2,882,904.20, excluding any unpaid fees or other expenses. Peters also utilized a line of credit through an intermediary to make false claims.

In addition to his prison term, Peters was sentenced to a two-year supervised release and was ordered to pay restitution.

The case was prosecuted by Assistant U.S. Attorney Lauren E. Kummerer and was investigated by the Federal Bureau of Investigation.