Commenting login:
  • Log-in Edit profile
  • Register Logout

Advertisement

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.

This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Weekend Happenings

Featured this week:  

Art in the Gardens: 11 a.m. to 5 p.m. July 23, Charles Dix Gallery, W339 S2608 Highway C, Oconomowoc. Exhibition and sale. Framed and unframed paintings will be shown, as well as jewelry created by Dix. Also offered will be a selection of china and collectibles from Dix’s personal collection. Photography by Barbara Dix Timmel will also be featured.

Ali Thomas: 11 a.m to 1 p.m. July 24, 104 W Main St., Wales.

Katz Sass: 2:30 p.m. July 24, 18 West, W325 S1767 Mickle Road, Delafield. This will be Ronnie’s last show with Katz Sass before he leaves for Colorado. We are inviting anyone who has played with Ronnie to come out and jam. Free.

 

“Parade”: 7:30 p.m. July 21, 22, 23, 2 p.m. July 24, Lake Country Playhouse, 221 E. Capitol Drive, Hartland. Lakecountryplayhousewi.org, 262-367-4697

All weekend happenings

 

Advertisement