By Randall Chase, Associated Press 4:03pm, February 25, 2014 - Updated 12:37pm, February 26, 2014A former Bank of America executive will spend at least 10 years in federal prison after pleading guilty to trying to arrange a sexual encounter with a 13-year-old girl.
Kirk A. Simmons, 59, entered the guilty plea at a court hearing Tuesday. He faces a maximum sentence of life in prison when he is sentenced on June 24.
In return for the guilty plea, prosecutors agreed to dismiss a charge of attempted production of child pornography.
Simmons was arrested in July 2013 outside a Newark hotel where he had arranged with an undercover detective to have sex with the fictitious girl.
He was subsequently fired from his job as a Bank of America vice president.
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