Ex-Wausau businessman gets 11 years in prison - WAOW - Newsline 9, Wausau News, Weather, Sports

Ex-Wausau businessman gets 11 years in prison

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WAUSAU (WAOW) - A former Wausau businessman was sentenced to 11 years in prison Wednesday for racketeering, fraud and theft involving at least $1 million following a plea deal that resolved prosecutions in Marathon and Waupaca counties.

Jay Fischer, 54, pleaded no contest or guilty to multiple felonies, including some involving sexual assault of a child, in return for other felonies being dismissed, according to online records.

Fischer was also sentenced to 18 years of extended supervision and was given credit for 552 days already spent in jail.

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.

In a written statement, Fischer said he was sorry and apologized.

The judge ordered him to repay as much of the money as he could. No exact restitution amount set.

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