Springfield man pleads guilty to bank fraud, counterfeiting

A Springfield man pleaded guilty in federal court Friday to his part in a bank fraud and counterfeiting conspiracy worth more than $100,000.

John Dennis Sedersten admitted to stealing checking account and personal identity information from multiple victims, which he used to make bogus ID documents and checks used for cash or to make purchases. He pleaded guilty to counterfeiting and bank fraud conspiracy charges, as well as transporting fraudulently taken property across state lines.

According to a news release from the U.S. Attorney's Office for the Western District of Missouri, Sedersten admitted to buying more than $55,000 in property using the fake checks, from merchants including Home Depot, Lowe's, Sears and Wheeler Metals. Some of the checks drew on an actual bank account held by the Greene County Sheriff's Department, the release said.

Sedersten and his co-conspirators, Max Snodgrass and Bryan Thomas Ray, obtained or tried to obtain $108,599 in the course of the conspiracy. Snodgrass pleaded guilty Feb. 5 to his participation, while Ray pleaded guilty on Jan. 7 to his part in the plan.

According to the release, Sedersten faces up to 50 years in federal prison without parole, plus a fine of up to $1.5 million and restitution. Sentencing hearings for the three men have not yet been scheduled.[[In-content Ad]]