CINCINNATI, OH (FOX19) - A man pleaded guilty to one count of conspiracy to commit bank fraud in U.S. District Court on Tuesday.
David Kellner, 45, was part of a scheme along with an old college friend and the friend's brother to defraud a Huntington Bank in Cincinnati.
According to court documents, Paul Jacobs, 46, asked his old friend Kellner to cash three checks for him after his brother, George Jacobs, discovered an unclaimed premium return of more than $130,000 to Mainstreet Framers, Inc. The return was for workers' compensation insurance through Mahoney Group in Arizona, where he worked as a broker. Mainstreet Framers, Inc. had filed for bankruptcy and there was no request to return the premium. Jacobs decided to get help from his brother, Paul, to open a fraudulent bank account and keep the money.
Kellner was paid $1,360 for cashing the checks. He faces up to five years in prison for his role in the scheme. He is scheduled for sentencing on Aug. 1.
The Jacobs brothers pleaded guilty to one count of conspiracy to commit bank and wire fraud and each face up to 30 years in prison. They are scheduled for sentencing in June.