CPA and tax preparer Jeffrey B. Travis has pleaded guilty to bank fraud involving a scheme to defraud US Bankcorp and five of his clients of more than $1.8 million.

Travis, who does business as Gross & Travis Ltd., and Travis and Associates Inc., with offices in Deerfield, Ill., admitted that he engaged in the fraud from at least May 2002 until December 2008. He prepared checks payable from his clients to vendors, retirement programs and tax authorities. But instead of delivering the funds to the payees intended by his clients, prosecutors claimed, he deposited hundreds of such checks without authority into accounts he controlled at US Bank, at times altering the checks to increase the amounts paid.

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