WICHITA, Kan. (CN) – A company controller pleaded guilty this week to stealing $1.2 million from his employer, federal prosecutors said.
John Kammerer, 59, of Wichita, pleaded guilty to one count of bank fraud.
He admitted that while as controller for Network Results of Kansas, he used his access to the company bank account to steal $1.2 million, the U.S. Attorney’s Office said in a statement.
He stole the money by issuing checks to HMK Enterprises, a company he controlled, prosecutors said.
Kammerer faces up to 30 years in federal prison and forfeiture of $1,240,540.
He will be sentenced on July 19.