MILWAUKEE (WITI) -- The U.S. Attorney's Office has announced a federal grand jury in Milwaukee has returned an indictment charging 50-year-old Stacy Jenson of Waterford (also known as Stacy Foote) with 17 counts of wire, mail and credit card fraud. Jenson is the former owner and operator of Elite Sports -- through which she organized and promoted sporting leisure time events in southeastern Wisconsin.
The indictment alleges that during the period from approximately January 2009 until March 2012, Jenson carried out a scheme to defraud certain business entities -- primarily her employer at the time, Industrial Electric Wire & Cable, Inc. (“IEWC”), of New Berlin, Wisconsin.
During her employment there as an office assistant, IEWC made Jenson the company’s event planner, and in that capacity, gave her access to company credit cards and checks to use to arrange various company social events.
As part of her scheme, Jenson allegedly used IEWC credit cards and checks for purposes other than those which the company had authorized, often for activities in connection with her separate and part-time “Elite Sports” business.
The indictment further alleges that Jenson fraudulently obtained a $68,000 loan in connection with the scheme.
According to the indictment, Jenson fraudulently obtained the loan and used IEWC checks and credit cards for unauthorized purposes to steal more than $1.9 million.
Each of the 15 mail or wire fraud charges contained in the indictment carries a maximum possible penalty of up to 20 years in prison and a fine of up to $250,000, or both.
Each of the two credit card fraud charges contained in the indictment carries a maximum possible penalty of up to ten years in prison and a fine of up to $250,000, or both.