Kennard C. Bouk, III, a 56-year-old man from Apopka, Florida, has been sentenced to 41 months in prison for his role in a brazen bank fraud scheme at a Cheyenne financial institution.
According to the United States Department of Justice, Bouk was ordered to pay $27,000 in restitution after being found guilty of bank fraud. U.S. District Court Judge Alan B. Johnson handed down the sentence on May 22.
The scheme, which unfolded in January 2023, began when Bouk deposited a counterfeit U.S. Treasury check worth $560,625.04 into a business account at a Cheyenne bank. The check was made out to ‘Knight Insurance Company LLC,’ a company Bouk had created just five days prior with the Wyoming Secretary of State.
Bouk’s scheme was able to evade detection for a short time, with the defendant unlawfully obtaining $27,000 before the fraud was uncovered. However, investigators were able to piece together the evidence and track down the defendant to Florida, where he was arrested on June 9, 2023.
The U.S. Secret Service led the investigation into the crime, which is believed to have involved the theft of a genuine U.S. Treasury check from the mail, followed by the sale of the check’s image and the creation of a counterfeit version.
Bouk pleaded guilty to the charge on February 27, 2024, and was subsequently sentenced to 41 months in prison. The case, identified as 23-CR-00122, serves as a stark reminder of the dangers of bank fraud and the importance of vigilance in protecting against such crimes.
The sentence handed down in this case is a testament to the hard work and dedication of the investigators and prosecutors who brought Bouk to justice. It is hoped that this case will serve as a warning to others who would seek to engage in similar crimes.
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Key Facts
- State: Wyoming
- Agency: DOJ USAO
- Category: White Collar Crime
- Source: Official Source ↗
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