- Associated Press - Tuesday, July 2, 2019

NEW YORK (AP) - A Montana man has pleaded guilty to defrauding a Canadian financial institution of $43 million by posing as a legitimate business owner.

Todd Capser entered the wire fraud plea in Manhattan federal court Tuesday.

Prosecutors say the 47-year-old Billings, Montana, man defrauded a Toronto entity and tried to cheat nine other institutions of millions more.

The institution was identified in a lawsuit as Third Eye Capital Corp.

U.S. Attorney Geoffrey S. Berman said in a release that Capser posed as a legitimate businessman before flooding the financial institution with false information.

Prosecutors say that Capser sought to engender sympathy, deflect questions and explain suspicious behavior by falsely telling some financial institutions that his daughter was dying from cancer.

Sentencing was set for Nov. 8.

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide