Latest: Waterford woman reaches plea deal, faces up to 50 years in prison

MILWAUKEE -- A Waterford woman reaches a plea deal on charges she used her employer's credit cards to fund her sports promotion side business.

Stacy Jenson once ran Elite Sports, which organized sporting events in the area.

Jenson faced 17 federal counts for allegedly using her employer's credit cards to help pay bills with Elite Sports.

In a plea deal, Jenson will be sentenced for two counts of mail or wire fraud -- and one county of credit card fraud. She now faces 50 years in prison -- and up to a $2 million fine.