UPDATE: Preliminary hearing set for Jay Fischer - WAOW - Newsline 9, Wausau News, Weather, Sports

UPDATE: Preliminary hearing set for Jay Fischer

Posted: Updated:
MARATHON COUNTY (WAOW) -

UPDATE - October 18, 2012 - A preliminary hearing for Jay Fischer is pushed back to January 29, 2013 in Marathon County court.

He is charged with 25 counts, related to racketeering, embezzlement, fraud, and tax crimes.

Online court records show the new preliminary hearing date was set on October 17, 2012.

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UPDATE - August 23, 2012 - A preliminary hearing for Jay Fischer has been set for October 29, 2012 at 9:30 a.m.

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UPDATE - July 12, 2012 - A status conference was held for Jay Fischer in Marathon County court.  Fischer turned over his passport.

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UPDATE - A Marathon County judge set bond at $1 million for Jay Fischer. Authorities in Waupaca County tell Newsline 9 he is out of jail. Online court records show he is also order not to have any contact with the alleged victims of the offenses listed in the complaint.  He may not have any real estate transfers either personally or professionally. He is also not allowed to leave Wisconsin without the court's approval.

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A Wausau business owner has been charged with stealing more than a million dollars in mortgage money.

Jay Fischer, 52, faces 25 charges, including racketeering, embezzlement, fraud, and tax crimes.

According to court documents, Fischer operated a company called Valley Title, which worked with clients to refinance their mortgages.

Investigators say Fischer never paid off mortgages for eight clients, ultimately keeping more than a million dollars for himself.

Fischer faces 21 felony and four misdemeanor charges.


 

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