Man Sentenced To Jail In Check Kiting Scheme

News

April 10th, 2025 by Ric Hanson

(Radio Iowa) – A U-S District Court Judge in Missouri is sending an Iowa man to prison for passing million of dollars in bad checks. Seventy-one-year-old Roger Dean Peters pleaded guilty to one count of bank fraud after admitting in a plea agreement to writing bad checks from the Exchange Bank of Missouri and the First National Bank in Hampton, Iowa. The banks estimated the total amount at nearly two-point-nine million dollars by the time his scheme was discovered.

Peters was sentenced to one year and one day in federal prison and ordered to pay restitution for the overdrawn checks.