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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This article is summarized by Canadian Fraud News Inc.
Marina Burghard writes for Canadian Fraud News about fraud-related cases, whistleblower, jurisdiction, identity theft, consumer protection, etc. – essentially about scams and how to protect yourself against this kind of fraudulent criminal behavior. She holds a Master’s degree in Political Science where her interest in criminology grew. Besides fraud, Marina’s scientific interest lies in terrorism, extremism and how to deal with it as a society.