He was been sentenced to 13 months in jail and three years probation for one count of fraud over $5,000. He was given credit for one month already served. Fifty-five-year-old Backer competed for Canada at the 1984, ’88 and ’92 Olympic Games and was a mutual fund salesman. He mysteriously disappeared Nov. 3, 2015, after telling his family he was going out for a bike ride but did not turn up again until April 2017 when he surrendered to police. Financial crime investigators looked into Backer and the company My Financial Backer Corp. after his disappearance following concerning letters received by his investors. Backer was scheduled to go to trial in September.
Former Olympian Harold Backer pleading guilty today to one count of fraud over $5000. Joint submission for 13 months jail and total of $161,900 in restitution @CHEK_News— April Lawrence (@AprilCHEK) July 4, 2018