NewsCrime Watch


Billings man charged in bank fraud scheme moving court proceedings to New York

Posted: 4:15 PM, May 09, 2019
Updated: 2019-07-17 14:49:13-04

BILLINGS- A Billings businessman accused of defrauding nearly a dozen banks across the county in an alleged scheme to buy oil tankers remained in federal custody Thursday awaiting a federal hearing. 

Todd Capser, 47 was set to have a detention hearing Thursday in a Billings federal court. But, in a last minute decision by Capser and his attorneys, he decided to waive that right.

Officials say Capers will instead have his appearance in front of a judge at the Southern District of New York, home of one of the banks he allegedly attempted to defraud.

Capser walked into the Billings courtroom in a gray jumpsuit, exchanged glances with his family and even broke into tears. Among those in court were his mother and father. 

Capser was a prominent member of the Billings community, serving as state director for former U.S. Sen. Conrad Burns of Montana in the early 2000s and as a former trustee at St. Vincent Healthcare. He also coaches track at Billings Central High School.

Capser was arrested Wednesday on a warrant.

He faces three charges as part of a scam to get a $43 million loan from a Canadian bank to buy two oil tankers.

In March 2018, a shipping firm managing the two tankers fell $1 million behind on loan payments, so Capser went to other banks seeking loans, including one in New York.

Capser will now transfer for an appearance in a federal courtroom in the Southern District of New York, but that timeframe is not yet known.

Related:  Billings man charged in $43 million scheme to defraud nearly a dozen banks