Breaking News Bar
posted: 12/29/2016 1:00 AM

St. Charles man sentenced for investment fraud scheme

hello
Success - Article sent! close
 
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.

Article Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.
    Winner - 2015 Best Website
    Illinois Press Association
    Illinois Press Association