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posted: 12/29/2016 1:00 AM

St. Charles man sentenced for investment fraud scheme

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Daily Herald report

The former president of a defunct St. Charles investment firm was sentenced to nearly six years in prison after pleading guilty to fraud charges eight years ago.

Christopher A. Jansen, 64, of St. Charles, was also ordered to pay nearly $270,000 in restitution and will receive three years of probation once released from jail, according to prosecutors.

In a plea agreement, Jansen admitted he created a shell company in 2001 to buy a Huntley-based trucking company and used revenue from the trucking company to borrow more money from the bank for personal use and to pay investors in other operations he oversaw. Jansen also admitted to not paying income taxes for 2002.

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