Former businessman pleads guilty to wire fraud

Fmr. Businessman Pleads Guilty To Wire Fraud

BUFFALO, N.Y. -- A former Western New York businessman has pleaded guilty to wire fraud. 

According to the U.S. Attorney's Office, 30-year-old Michael Wilson, formerly of Hamburg, used fake companies collectively known as "New Frontier" to cheat investors out of more than $10 million between June 2008 and July 2010. 

Prosecutors say he used the money to buy personal items, including a multi-million dollar home in Hamburg, and luxury cars. 

Federal agents raided the property back in 2009. 

The U.S. Attorney's Office said he traveled to Toronto after learning he was under investigation. After being arrested in Canada in July 2013, Wilson was released on conditions and challenged extradition to the United States in Canadian Courts.

Before his final Canadian Court appearance in February 2016, Wilson chartered a private jet and flew to Vietnam with his wife, mother and three dogs, the U.S. Attorney's Office says. He was then arrested in Vietnam in June 2016 and he returned to the U.S.in Dec. 2016. 

Wilson could face up to 20 years in prison and a $250,000 fine when he's sentenced in October. 

 

© 2017 WGRZ-TV


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