A Canton man has been sentenced to more than three years in federal prison for three counts of wire fraud and two counts of money laundering, according to a Dec. 10 press release from the District of South Dakota U.S. Attorney's Office .

Gary Aaron King, 51, will serve three years and one month in federal prison, followed by two years of supervised release. He has also been ordered to pay $500 special assessment to the Federal Crime Victims Fund and $1,418,220.87 in restitution.

King was indicted for wire fraud and money laundering in February 2024 by a federal grand jury, to which he pleaded guilty on Sept. 5, 2025.

The press release states that between July 2022 and January 2023, King, who was the sole owner of Cypress Risk Management LLC, collected insurance premiums from client

See Full Page