HONOLULU (KHNL) - A man suspected of faking his own disappearance last year to avoid criminal prosecution threw in the towel Friday.
Kenneth Peters Junior pleaded no contest to 29 charges, including forgery, money laundering and credit card fraud.
Prosecutors say he stole more than $130,000 from Flight School Hawaii, where he worked as a bookkeeper. Peters also stole more than $54,000 from a second company.
In March of 2005, police found his Mercedes at the bottom of a cliff in Makapuu. The search for Peters ended days later, when authorities nabbed him at the Honolulu International Airport as he arrived here from Thailand.
"He could not attribute his crimes to drugs, to not having enough money to meet his daily needs. This was for greed," Chris Van Marter, Honolulu deputy prosecutor, said. "When they violate their employer's trust and steal on a large scale, the message has to be that they're going to go to prison."