Kansas State FCU Executive Jailed for Embezzlement

January 31, 2007, 9:52 p.m. EST 1 Min Read

TOPEKA, Kan. – A former vice president at Kansas State FCU, in Manhattan, was sentenced to a year in prison and ordered to pay $154,000 in restitution for a fraud scheme. Stephan Johannes, 48, pleaded guilty to a single count of bank fraud. Prosecutors said an internal review of Johannes' loan accounts found numerous cases of customer loans being extended. They said when Johannes changed the due date of a loan, he would also use the bank's computer system to advance funds on the customer's loan.

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