John F. Losee, 61, told a federal judge he started stealing money from Heim Corp. after a bank sold his business.
A 61-year-old Waukesha man was sentenced to 21 months in federal prison followed by four years of probation for embezzling more than $800,000 from a Sussex business, according to the Internal Revenue Service. U.S. District Judge Lynn Adelman handed down the sentence to John F. Losee, the former general manager at Heim Manufacturing Corp., who stole the money from the company between 2003 and 2009. “Over the last three years I have had the opportunity to go through a process of self-evaluation to try to understand how I could make such a huge mistake of betrayal and dishonesty to all who trusted and relied on me,” Losee said in a letter to Adelman. “I am truly sorry. I am also thankful that the truth came out in 2009 and that I will be …
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 …
43.114995
-88.243752
Heim Manufacturing
N53w24950 S Corporate Cir, Sussex, WI
/articles/waukesha-man-guilty-in-embezzlement-of-800-000-from-sussex-company
1068710
/locations/7474762
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 ›