Michael "Mick" Wunder entered his mandatory plea Tuesday afternoon before Magistrate Judge Gary Sebelius in U.S. District Court in Topeka.
Wunder is charged with bank fraud, conspiracy to commit bank fraud and structuring financial transactions to evade regulatory requirements. He also faces five counts of unlawfully using his position as a commissioner to obtain money and other properties, and one count of perjury for allegedly lying about his role in the scheme while questioned by a grand jury. If convicted of bank fraud or conspiracy, Wunder would face up to 30 years in prison. Convictions on the other charges also carry potential prison sentences.
Wunder was indicted by a grand jury June 10, a document that was unsealed July 1 — a day after Lawrence developer David Ray Freeman pleaded guilty to a federal charge of conspiracy to commit bank fraud. Freeman's plea agreement includes a pledge that he would provide information and testify against others who might have been involved in the scheme.
http://www2.ljworld.com/news/2009/jul/21/f...eads-not-guilt/