Crime & Safety

Madison Man Pleads Guilty to Defrauding Banks of $1 Million

William Leckey used the money to keep his financial backing company afloat.

Madison resident William Leckey pleaded guilty Thursday to defrauding banks of more than $1 million in order to keep his business from going under, according to a press release from the U.S. Attorney District of Connecticut Office.

Leckey used the bank money as operating capital of his company, Anchor Capital Services, Inc. The business supplied financial backing to other companies purchasing heavy equipment such as tractors and backhoes, the release said.

Leckey would use his customer's contracts and the equipment as collateral with the banks to obtain credit that ACS would then use to provide financial support to its own customers, the release said. He would cite non-existent leases to receive bank credit, and at one time, invented a fake customer, according to the release.

The court could sentence Leckey to a maximum of 30 years in jail for conspiracy to commit bank fraud.


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