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Lisbon man sentenced in Heim Manufacturing embezzlement case

Dec. 18, 2012

A Lisbon man has been sentenced to 21 months in prison and three years' probation for wire fraud and one year on probation for filing a false federal tax return.

John F. Losee, W264 N6565 Hillview Drive, was the general manager at Heim Manufacturing Corp., Sussex, a subsidiary of Modern Forge Companies LLC of Blue Island, Ill. He was charged in federal court in May, and pleaded guilty to both charges in July.

He was accused of stealing more than $800,000 from Heim between April 2003 and May 2009. According to court documents, Losee created false documents, including purchase orders and other documents, to make it appear that Heim had ordered and received merchandise from a fictitious business. He then submitted false invoices, and Heim issued more than 220 checks to the fictitious business. Losee intercepted the checks and deposited them in a bank account he opened in the name of the fictitious business, according to court records.

During that six-year period, Losee emailed monthly financial reports to Modern Forge and financial records to make it appear the payments were legitimate, according to the plea agreement. The agreement also indicates that Losee did not include money he obtained under this scheme on his tax return.

In addition to the prison time and extended supervision, Losee was ordered to make $748,506.54 in restitution to Modern Forge.

Losee also faces a lawsuit brought by Heim seeking damages. He is scheduled for a status conference in that case on Jan. 17.

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Weekend Happenings

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Rotary Pancake Day: 7:30 a.m. Feb. 28, Waukesha County Expo Center, 1000 Northview Road, Waukesha. Fundraiser for the Waukesha Rotary Club is 7:30 a.m.-1 p.m. in the Expo Center Arena. Advance tickets at Waukesha State Bank, downtown location., $5-$7. $5 advance, $7 at the door; free for children 5 and younger. www.waukesharotary.org.

Ninth Annual Oconomowoc Rotary Wine & Brew Fest: 5 p.m. Feb. 28, Olympia Resort, 1350 Royale Mile Rd, Oconomowoc. Wine, food and beer. Features foods from the best of our local restaurants. Purchase tickets at $50 from an O-Town Rotarian, through Facebook, or in person at most area First Bank Financial Centre locations, Books & Company & Lorleberg True Value Hardware. See more at www.oconomowocrotary.org. $50.

Chili Tasting: 11 a.m. Feb. 28, The Garden Mart, W297 S9115 Highway 83, Mukwonago. Chili tasting from 11 a.m. to 2 p.m. Local vendors will be selling unique merchandise. Judging is open to the public and all proceeds from voting will be donated to the Mukwonago Food Pantry. Event is free. Call (262) 363-5252 for information.

Dr. Seuss Birthday Bash Literacy Event: 10 a.m. Feb. 28, Hartland North Elementary, 232 Church Street, Hartland. Families with children in 4-year old kindergarten through second grade are invited to a special event. The Cat in the Hat and the Lorax will celebrate with a big birthday cake for all of our guests along with lots of literacy activities based around Dr. Seuss books.

Updates to this calendar are made weekly Monday afternoon. 

 

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