Denny Ray Hardin has been found guilty in a federal court on several counts of false obligations and wire fraud, as part of a $100 million fraud scheme, Pitch News reports.

Hardin, 51, of Kansas City, MO, was charged in a 21-count indictment returned by a federal grand jury in May, according to a statement from the Department of Justice.

The indictment alleged that between September 2008 and 2009, Hardin falsely claimed he was authorized by the US Department of Treasury to produce and issue “bonded promissory notes,” which were in actual fact fictitious financial instruments. These notes were completely worthless and made by Hardin on a computer, but he claimed they had monetary value, according to the statement.

Meanwhile, he was charging fees of $100 per note, and went on to increase this fee, claiming the value was linked to the debt to be discharged on the note. He claimed he could do so because he was a private banker and owner of a firm called The Private Bank of Denny Ray Hardin, the May indictment alleged.

The Department of Justice could not be reached by the time of publication.