A dual Canadian-U.S. citizen is facing a detention hearing in New York State on charges that he stole millions of dollars from investors. Federal prosecutors in Buffalo say 29-year-old Michael Wilson has been arraigned on wire fraud, money laundering and conspiracy charges.
Defrauded investors out of millions of dollars
Wilson, who was named in a 47-count indictment six years ago this month, is being held pending Thursday’s hearing. Prosecutors say he used bogus investment companies to defraud investors out of millions of dollars he spent on personal items, including a multi-million-dollar home outside Buffalo and luxury vehicles.
Read more at The Times Colonist.