An Olathe man pleaded guilty Monday to defrauding a foreign investor out of more than $8 million.
Nagy Shehata, 57, pleaded guilty in U.S. District Court in Kansas City, Kan., to a charge of conspiracy to commit wire fraud.
Shehata admitted that he conspired with a Texas woman to defraud an investor from Turkey who thought he was investing in projects to build a hospital in Syria or a shopping center in Iraq.
The investor wired about $8.2 million to Shehata, but the money was not used for the proposed projects.
Shehata used some of the money to buy a $855,000 house and a $111,000 car, according to federal prosecutors.