A man who pleaded guilty to theft and securities fraud in Utah seven years ago — but fled before he was sentenced — is now accused of defrauding investors through a real estate firm based in Bragg Creek, Alta.
Brian Arthur Kitts had been living in northern Utah when he was accused of running a scheme that raised cash for an initial public offering that never materialized, from 2003 to 2005, according to court documents.
While Kitts pleaded guilty to four of nine charges in 2010, he failed to appear at his sentencing hearing, with reports he had fled to Canada, according to the Utah Attorney General’s office.
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