LELAND REALTOR PLEADS GUILTY TO MAIL FRAUD SCHEME
GRAND RAPIDS, Mich. – Kimberly Dawn Bunbury, 55, of Leland, Michigan pled guilty before U.S. District Judge Robert Jonker to one count of mail fraud, U.S. Attorney Donald A. Davis announced today. Bunbury admitted that she defrauded three Traverse Cityarea condominium associations of approximately $190,000 while serving as treasurer of those organizations. The money was entrusted to her for paying expenses incurred by the condominium associations, but she used it for her own purposes. Bunbury did not reveal her misappropriation to the condominium members and falsely reported that the money was being properly maintained in an account managed by her.
Mail fraud is punishable by up to 30 years in prison and other penalties. Bunbury’s sentence will be imposed by Judge Jonker at a date yet to be determined.
The case was investigated by the Leelanau County Sheriff’s Department and the Traverse City office of the Federal Bureau of Investigation and prosecuted by Assistant U.S. Attorney Timothy VerHey.