Lee's Summit financial advisor sentenced
for $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 was sentenced in federal court today for a $1.2 million wire fraud scheme in which he stole two sisters’ settlement from their father’s death.
Mark S. Greenway, 53, of Lee’s Summit, was sentenced by U.S. Chief District Judge Fernando J. Gaitan to four years in federal prison without parole. The court also ordered Greenway to pay approximately $1.2 million in restitution.
On Aug. 30, 2010, Greenway pleaded guilty to wire fraud. 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.” The investors, who were sisters and were 18 and 19 years old, invested money with Greenway that they received as a settlement resulting from the death of their father.
Greenway told the investors that they were earning a high rate of return. Instead, he actually deposited $1,264,588 of their funds into his own bank account for his personal use, such as purchasing classic cars and paying credit card bills.
This case was prosecuted by Assistant U.S. Attorney Bill Meiners. It was investigated by the U.S. Postal Inspection Service.
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