Not quite a felony but you may still be able to file charges on this guy, depending on how long ago this happened.
Good job JCH, being able to quote the exact statue would aid authorities when filing a complaint.
Here's another thought for someone that got burned by a con artist. I found this out at an unhappy flint theft situation many years ago....Justice comes in 2 parts;
1...file a complaint with the police. If they deem it a true crime, they will pursue it on their own. No further action needed from the victim. Hopefully the criminal would be found guilty and fined ( $ to the State ) or just warned.
2...FILE A CIVIL LAWSUIT !
With a negative decision already on the books....file for damages ( $ TO THE VICTIM )
This is America ....make it nominal, like 3 million $ !