June 6th, 2013 
Kriston McConnell 
You would think that if there was anyone in the world you could trust, it would be a musician in a band that you look up to. Unfortunately, that doesn’t seem to be the case as high profile musicians seem to be making headlines plotting rape, ripping people off and attempting to hire a hitman.
In this instance, Michael Todd, ex Coheed & Cambria bassist, admits to ripping off fans by taking money from them for memorabilia he wasn’t actually in possession of. This is the same man who was caught with attempting armed robbery. Michael has written a very lengthy statement on the subject, and you can read what he had to say by taking a look below the jump.
Okay, it’s Michael. It’s apparent that this has gotten way out of hand. This has taken this long to come out because I have been incommunicado for a number of reasons out here, until when yesterday at work the threads were brought to my attention.
Here’s my statement: I overextended myself, I made plans with people about obtaining items and made deals on items that I didn’t possess yet. I didn’t do this out of malice, but in a desperation brought on by my present situation. When things started to fall through one after the other I couldn’t keep up. And I am very sorry. I don’t know if this makes things worse or better, but some things have been shipped and a few more are to follow shortly, but the bottom line is, I don’t and won’t have them all, and I am here (albeit a little late) and I realize I made myself look pretty bad, but my intention and promise is that I will make full financial amends over the course of the next couple months if you’ll let me. I know this seems like a long timeframe, but I need to actually earn the money to pay you back. I just started working full time and the type of work I am doing does not pay a hell of a lot.
Any other people that may have been associated with me through music or business or whatever, were completely unaware to the situation till now, and have been and are unable to answer for me. I promise that the money that you may have contributed to the Kickstarter has been set aside and will only be used to fulfill incentives and the creation of the EP. However, since I will be working extra hours to make all this up to you, I may have topush the recording of the EP, originally scheduled for end of June back by some time. But I repeat, the Kickstarter money will not be tapped for these repayments. I admit, at first I thought about it, to just clean everything up quick, but that would be immensely unfair and more dishonesty on my part. So, all I can do at this point is come forward publicly and admit I screwed up. I own this, I’m here, and I will be hereafter available to answer you individually.
Moving forward, I will start addressing all your emails. Please give me some time to do so and I will let you know one by one if I have your item, shipped it or will need to re-compensate you because I do not have the item. The order in which I will address people will be by date of inquiry. Thus, please don’t be upset if I do not get to you initially.
I’m sorry again. I appreciate an opportunity to make good.
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You sir, are a piece of shit.
Getting harder and harder to tell if he actually is shaping up.