Waukesha Man Guilty in Embezzlement of $800,000 From Sussex Company
John F. Losee, 61, of Waukesha, stole funds through fraudulent purchase orders while he was the general manager at Heim Manufacturing.
A 61-year-old Waukesha man has pleaded guilty in federal to embezzling more than $800,000 from a Sussex business, according to a news release from the United States Attorney’s Office. John F. Losee pleaded guilty Friday to wire fraud and filing a false federal income tax return, the release states. In the plea agreement, Losee admitted to stealing the money from Heim Manufacturing Corp. between April 2003 and May 2009 while he was the general manager of the company. According to the release: Using his position, Losee submitted fraudulent purchase orders and invoices using the name of an actual vendor to cause Heim Manufacturing to issue more than 220 checks payable to the fictitious business Losee created. Losee then diverted these checks …
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Amanda Pfeiffer
9:45 am on Sunday, July 29, 2012
" has also agreed to make full restitution to Modern Forge Companies, LLC., which is the parent company of Heim Manufacturing." :) more ›