Defendant could get up to 30 years in prison.

The United States Attorney’s Office for the Eastern District of Oklahoma, announced today that James Dean Kaybonfar, 52, of Panama City, Fla., pled guilty to Conspiracy to Commit Wire Fraud/Mail Fraud.

The charge arose from an investigation by the Federal Bureau of Investigation. The defendant was indicted in August, 2012.

The indictment alleged that in or about August 2007 to in or about April 2010, in the Eastern District of Oklahoma and elsewhere, the defendant, knowingly and wilfully conspired with other persons known and unknown to the Grand Jury, to transmit or caused to be transmitted by means of a wire communication or the United States Mail, communication for the purpose to defraud the United States and Texas Capital Bank, a financial institution insured by the Federal Deposit Insurance Corporation, all in order to obtain money by means of false and fraudulent pretenses, representations, and promises.

The Honorable Kimberly E. West, Magistrate Judge in the United States District Court for the Eastern District of Oklahoma, in Muskogee, accepted the guilty plea and ordered the completion of a presentence report. Sentencing will be scheduled following its completion.

The statutory range of punishment is up to 30 years imprisonment and/or up to a $1,000,000 fine.