|
|
Wausau Business Owner Charged With Embezzlement
Wednesday, July 11th, 2012 -- 7:14 am
Posted by Riley Hebert-News Director
-A Wausau business owner has been charged with embezzlement.
Marathon County District Attorney Kenneth Heimerman has filed charges against Jay Fischer for racketeering, embezzlement, fraud, and tax crimes.
The complaint filed in Marathon County included twenty-one felony and four misdemeanor counts.
According to the complaint, Fischer operated a business, known as Valley Title. Valley Title served as a closing agent for real estate transactions. Homeowners utilized Valley Title as a title agent when refinancing a mortgage or purchasing a house.
However, Fischer received more than one million dollars from ten real estate transactions in 2009 and 2010. Fischer reportedly failed to pay off the old mortgages resulting in dual active mortgages on the homes.
The charge of racketeering alleges that Fischer used his business, Valley Title, to embezzle money and obtain signatures on the closing documents by fraud.
|
|
|
VIEW OUR ARCHIVE
|
|
