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.

Return to Top