TOPEKA, Kan. (AP) A former vice president of a Topeka bank has pleaded guilty to fraud and agreed to forfeit more than $596,000.
U.S. Attorney Barry Grissom’s office said Friday that 40-year-old Jennifer Hughes-Boyles of Topeka pleaded guilty to bank fraud.
Prosecutors say bank officials began investigating when they noticed that Hughes-Boyles originated more than $2 million in real estate loans between March and May last year, despite a struggling economy. Bank officials also noticed changes in her lifestyle.
An audit determined that Hughes-Boyles altered credit scores on loan applications on documents for the bank’s loan committee.
Sentencing is set for May 30. She faces a maximum penalty of 30 years and a fine up to $1 million.
