Guilty Plea In Junction City Federal Fraud Case
KSAL Staff - September 14, 2013 8:28 am
The Kansas Supreme Court has reversed the "Hard 50" murder sentence of a Wichita man but refused to rule whether changes made by legislators to the law in 2013 can be applied.
A Topeka man faces sentencing in December after pleading guilty to bank fraud in connection with plans to build an apartment complex in Junction City.
The U.S. Attorney’s office said Friday that 52-year-old John Wyatt Duncan Jr. entered the pleas this week to two counts of bank fraud, one count of money laundering and one count of making false statements.
Duncan was accused of lying to a Lawrence bank to get a $15.2 million construction loan for his company, Blue Jay Properties, to develop the Quinton Pointe Apartments in Junction City.
Duncan was also chief financial officer of Schmidt Builders. Prosecutors said Duncan falsely claimed that lumber for the project had been paid in full and was being held at Schmidts, available as collateral for the loan.