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Man pleads guilty to defrauding banks, government

A Barriere businessman pleaded guilty Wednesday to defrauding two banks and the federal government of more than $1 million.

Gary Mechar pleaded guilty in B.C. Supreme Court to four fraud-related counts, against RBC, TD Bank and Canada Revenue Agency.

Together the amounts cited in the counts read in court total nearly $1.5 million. Mechar's partner, John Lovric, is expected to plead guilty to a single count of making false claims for tax returns.

Lovric's lawyer said he is in Ontario and will be present for sentencing Oct. 15.

Crown lawyer Anthony Varesi said a statement of facts about the events will be entered during a joint submission on sentencing. Mechar is set for sentencing Jan. 14.

Events related to the charges date as far back as 1999.

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