One-time businessman convicted of racketeering - WAOW - Newsline 9, Wausau News, Weather, Sports

One-time businessman convicted of racketeering

WAUSAU (WAOW) - A former Wausau businessman reached a plea agreement Friday that resolves prosecutions in Marathon and Waupaca counties accusing him of racketeering, fraud and theft involving at least $1 million, according to online Marathon County  court records.

Jay Fischer, 53, pleaded no contest or guilty to multiple felonies, including some involving sexual assault of a child, in return for other felonies being dismissed, online records said.

He is to be sentenced July 7.

In Marathon County, prosecutors said Fischer's company, Valley Title, helped homeowners refinance mortgages but Fischer never paid off eight of them, in essence stealing about $1 million. Court records say the embezzlement involved 10 transactions from 2009 to 2010, .

In Waupaca County, prosecutors said the security fraud accusations involved Fischer's ownership and operation of Crazy J's Campground and how he solicited four investors to provide the down payment to buy the property on a land contract in January 2011.

The sexual assault accusations involved a teenage girl, court records said.

Marathon County Assistant District Attorney Theresa Wetzsteon and Fischer's attorney, Troy Nielsen, did not immediately return telephone messages.

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