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Monday, June 26, 2006

Thinking big in JoCo: $1.9M embezzlement

Michael Gullion, 51, founded Leawood-based Gold Banc Corp. Still, federal authorities said this was wrong:

  • Asking a vice president for a $1 million cashier's check for bank business but using it for mad money and to pay down creditors instead.
  • Palming $900,000 by creating a phony closing statement on a $2.4 million real estate deal that said it was a $4.4 million deal.

For this, Gullion was sentenced today to two years in federal prison.

News release from U.S. Attorney Eric Melgren's office in Kansas

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