July 22, 2024

TOPEKA — A 58-year-old Overbrook man has pleaded guilty to one count of conspiracy to commit bank fraud and money laundering in U.S. District Court in Topeka. Dennis Stebbins admitted he conspired with Jay Wagner to defraud the owners of a Jefferson County ranch. U.S. Attorney Lanny Welch said that since 2003, the J Bar Ranch paid Stebbins and Wagner to buy cattle, which were to be examined by a veterinarian. Stebbins admitted he inflated the average weight and cost of the cattle and mislead the ranch’s owners about terms of the purchases and the vet exams. He faces up to 30 years in prison and a fine up to $1 million. He will be sentenced later. Wagner will be sentenced Nov. 30.

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