Kansas City woman indicted on federal bank fraud charges

Courtesy of Wikimedia Commons
Courtesy of Wikimedia Commons

Already in litigation on past charges, a woman who owned businesses in Kansas City and Bonner Springs was indicted on five counts of bank fraud connected to her companies.

U.S. Attorney Barry Grissom said Thursday that the accused woman, 45-year-old Brenda Wood of Leavenworth, also was indicted on one count of theft from an employee benefits program and four counts of violating the Employee Retirement Income Security Act.

Michael Yancey, who was Wood’s loan officer at Farmers Bank before becoming her employee, already pleaded guilty to charges concerning false statements on a loan application and faces five years in prison. If convicted, Wood could be sentenced to up to 30 years in prison and fined as much as $1 million on each bank fraud charge in addition to penalties related to the other counts.

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