Former Executive at Kansas City, Mo.-Area Real Estate Firm Takes Plea Bargain.

From: Knight Ridder/Tribune Business News | Date: October 4, 2001 | Copyright information

By Mark Morris, The Kansas City Star, Mo. Knight Ridder/Tribune Business News

Oct. 4--A former chief financial officer of the J.C. Nichols Co. on Wednesday pleaded guilty to a racketeering conspiracy charge stemming from a scheme to defraud the real estate firm of more than $150 million.

Walter C. Janes, 66, acknowledged in U.S. District Court that he had conspired with former Nichols Chairman Lynn L. McCarthy to loot the company through a string of self-deali...

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