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NEWS RELEASE

OFFICE OF THE UNITED STATES ATTORNEY

WESTERN DISTRICT OF MISSOURI


BETH PHILLIPS


Contact Don Ledford, Public Affairs ● (816) 426-4220 ● 400 East Ninth Street, Room 5510 ● Kansas City, MO 64106

www.justice.gov/usao/mow/index.html


AUGUST 30, 2010

FOR IMMEDIATE RELEASE


LEE’S SUMMIT FINANCIAL ADVISOR PLEADS GUILTY

TO $1.2 MILLION WIRE FRAUD SCHEME


            KANSAS CITY, Mo. – Beth Phillips, United States Attorney for the Western District of Missouri, announced that a Lee’s Summit, Mo., financial advisor pleaded guilty in federal court today to a $1.2 million wire fraud scheme.


            Mark S. Greenway, 52, of Lee’s Summit, waived his right to a grand jury and pleaded guilty before U.S. Chief District Judge Fernando J. Gaitan to a federal information that charges him with wire fraud.


            By pleading guilty today, Greenway admitted that from Dec. 30, 1999, to Aug. 28, 2007, he engaged in a scheme to defraud two investors, identified in court documents as “A.B.” and “M.M.” Greenway told the investors that they were earning a high rate of return, when in fact he deposited $1,264,588 of their funds into his own bank account for his personal use. The wire fraud charge specifically refers to a $21,000 wire transfer made by Greenway as part of the fraud scheme.


            Under federal statutes, Greenway is subject to a sentence of up to 20 years in federal prison without parole, plus a fine up to $250,000 and an order of restitution. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.


            This case is being prosecuted by Assistant U.S. Attorney Bill Meiners. It was investigated by the U.S. Postal Inspection Service.


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This news release, as well as additional information about the office of the United States Attorney for the Western District of Missouri, is available on-line at

http://www.justice.gov/usao/mow/index.html