A Canadian man has pleaded guilty for his part in what Vermont prosecutors say was a bank fraud scheme.
Forty-eight-year-old Martin Belanger, of Quebec, entered the plea Tuesday in federal court in Rutland. He’s jailed awaiting his sentencing, which is set for Oct. 6.
Prosecutors say that during a three-month period in 2010 and 2011, Belanger defrauded People’s United Bank and Passumpsic Savings Bank of about $92,000.
They say he did it by opening checking accounts at the banks’ Newport offices and depositing checks drawn on banks in Canada even though he knew there wasn’t enough money to cover them.
Belanger was arrested by Newport police in March, and faces up to 30 years in prison.