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Husband of admitted fraudster tentatively headed to trial in May 2022

Crown, defence seeking earlier dates for five-day jury trial for Michael Cady on charges of money laundering, possession of property obtained by crime
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Karen Cady (left) admitted to defrauding the business she worked for out of and laundered the money with help from her husband, Michael Cady. (Police handout)

A tentative date of May 16, 2022, has been set for the start of a five-day jury trial for a Wahnapitae man charged in relation to a more than $1-million fraud at a local small business.

Michael Cady is accused of laundering the proceeds of crime and possession of property obtained by crime after his wife, Karen Cady, stole more than $1 million from Henninger’s Diesel.

Karen Cady pleaded guilty to her crimes. She will be sentenced Sept. 2 and faces a possible penitentiary term of up to 4.5 years.

Michael Cady, on the other hand, has elected to go to trial. An out-of-town judge will preside over the matter, as the victim, Diana Fuller, owner and president of Henninger’s Diesel, a small-engine manufacturing, exporting and service business, has ties to the legal community in Greater Sudbury.

In assignment court on July 20, the Crown and Cady’s defence lawyer, Glenn Sandberg, committed to the May 2022 date, but will canvass earlier dates in the year.

The money stolen by Karen Cady was spent on trips to the Dominican Republic, a new home in Wahnapitae, a number of new vehicles, a jet ski and a backhoe, to name a few, evidence in her case showed.

During sentencing submission on July 16, Karen Cady told the court she is sorry for her actions and the impact it has had on Fuller, the employees at Henninger’s Diesel, as well as her own family.

The matter will return Aug. 23 to finalize dates.