Kennard Bouk III, age 56, of Apopka, Florida, was arraigned on Nov. 13 for bank fraud and passing counterfeit obligations or securities of the United States. Bouk pleaded not guilty. A trial has been set for Feb. 22, 2024, before U.S. District Court Judge Alan B. Johnson.
If convicted on all counts, Bouk faces up to 50 years’ imprisonment with three years of supervised release and up to a $1.5 million fine. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.
This crime is being investigated by the U.S. Secret Service.
An indictment merely contains allegations, and every defendant is presumed innocent unless and until proven guilty.
Case No. 23-CR-00122