A 75-year-old Kinmundy man has pleaded guilty in Federal Court at East St. Louis to five counts of bank fraud.

According to the Southern District of Ill. U.S. Attorney’s Office, Alfred L. Cross, of Kinmundy, and originally from Mattoon, pleaded guilty to five counts of fraud.

He was indicted for defrauding seven southern Illinois banks out of more than $500,000.

Cross is accused of opening up checking accounts and admitted to depositing large sums of money from out of state banks into the accounts knowing there was not enough to cover the funds.

The checks were drawn out of bank accounts in the names of businesses that Cross controlled.

Before the checks could be returned as non-sufficient funds, he withdrew all the money.

The banks were in Nashville Illinois, Carbondale, Mt. Vernon, Greenville, Effingham, and Whittington.

This happened between April 2011-March 2015. He is scheduled to be sentenced in federal court on May 9 in East St. Louis.

The investigation was conducted by agents from the Springfield Division, Fairview Heights Resident Agency, of the Federal Bureau of Investigation (“FBI”).