WAUSAU, WI (WTAQ) - A man who used to own a Wausau mortgage firm will spend just over nine years in prison for embezzling over $1 million from clients, bilking campground investors, and sexually assaulting two children.
54-year-old Jay Fischer struck plea deals in both Marathon and Waupaca counties that convicted him of racketeering, fraud, and child sexual assault.
At his sentencing in Wausau Wednesday, prosecutors asked for a maximum prison term, while the defense called for probation.
Fischer was given 11 years, but 552 days will be taken off for the time he spent in jail during his court case. He must also spend 18 years under extended supervision once he gets out.
Marathon County Circuit Judge Greg Huber said prison time was justified, because Fischer stole from clients and then created more victims -- including a step-daughter who was molested.
Fischer is the former owner of Valley Title in Wausau. He also owned Krazy-"J's" Campground near Marion, where he was accused of committing securities' fraud involving investors.
(Story courtesy of Wheeler News Service)