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Waterford woman indicted for wire, mail & credit card fraud

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MILWAUKEE (WITI) — On Wednesday, April 15th a federal grand jury in Milwaukee returned an indictment charging 50-year-old Stacy Jenson of Waterford. Jenson is facing 17 counts of wire, mail and credit card fraud.

Jenson was formerly the owner and operator of Elite Sports, through which she organized and promoted sporting leisure time events in southeast 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.

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 dollars.

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 10 years in prison and a fine of up to $250,000 or both.

This matter was investigated by the Federal Bureau of Investigation and has been assigned to Assistant United States Attorney Stephen A. Ingraham for prosecution.

The public is cautioned that an indictment is merely the formal method of presenting charges in federal court and does not constitute evidence of the defendant’s guilt. The defendant is presumed innocent until such time, if ever, as the government establishes her guilt beyond a reasonable doubt.

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