A former owner of a restaurant in Lenexa, Kansas, was sentenced Monday in U.S. District Court in Kansas City, Kansas, for bank fraud, U.S. Attorney Tom Beall said.
Charles R. Waits, 56, Lenexa, Kansas, was sentenced to three years on supervised release and ordered to pay $10,000 within 90 days toward restitution. Waits pleaded guilty to one count of bank fraud.
In his plea, he admitted the crime occurred while he was one of the owners of the Kansas City Sports Grill at 10064 Woodland Road, Lenexa, which is now closed.
Waits provided false financial information to Community America Credit Union when he applied for a loan, according to the plea. He listed assets including property he did not own and he significantly overvalued one of the properties he owned.
Beall commended the U.S. Secret Service and Assistant U.S. Attorney Chris Oakley for their work on the case.