Kansas City, Kan. ? The man who organized a fake kidnapping and robbery at an Overland Park bank where he worked has admitted his role in the hoax.

Twenty-year-old Michael Grace pleaded guilty Monday to one count of embezzlement by a bank employee. He admitted that he persuaded three friends — all from Overland Park — to help him rob the U.S. Bank where he was a teller.

The caper on Nov. 20, 2010, collapsed when the FBI didn’t believe Grace’s story that he had been kidnapped from home and forced to open a bank ATM. He was found bound with duct tape to a chair at the bank.

Grace will be sentenced June 27.

The other defendants all pleaded guilty last week to aiding and abetting embezzlement by a bank employee.