A former New York businessman who previously faced extradition from Canada had pleaded guilty to wire fraud.
According to the U.S. Attorney’s Office, 30-year-old Michael Wilson used fake companies known as “New Frontier” to cheat investors out of more than US$10 million between June 2008 and July 2010.
Wilson traveled to Toronto after learning he was under investigation. After being arrested in Canada in 2013, Wilson was released on conditions and challenged extradition to the United States in Canadian courts.
Wilson could face up to 20 years in prison and a $250,000 fine when he’s sentenced in October.
Read more at WGRZ