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Tue Mar 30, 2021, 02:58 AM

Former Columbus mayor pleads guilty to bank fraud in real estate development case

COLUMBUS, Wis. (AP) — The former mayor of Columbus has pleaded guilty to bank fraud charges in federal court.

Michael Eisenga was accused of fraudulently obtaining a nearly $7 million loan for a grocery store development in Columbus.

“Unfortunately, it’s all true, your honor,” Eisenga, 49, told U.S. District Judge William Conley at a virtual plea hearing Thursday.

“What I did, your honor, was I created a fake lease showing that there was a lease between a third-party grocery chain and the LLC that owned the grocery store building,” Eisenga said. “And I used that to obtain financing from Alliant Credit Union. I knew at the time that I did that that the lease was a false lease and that I did not, in fact, have a lease with that grocery store chain.”

Read more: https://dailyreporter.com/2021/03/26/former-columbus-mayor-pleads-guilty-to-bank-fraud-in-real-estate-development-case/
(Milwaukee Daily Reporter)

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Reply Former Columbus mayor pleads guilty to bank fraud in real estate development case (Original post)
TexasTowelie Mar 2021 OP
ZZenith Mar 2021 #1
TexasTowelie Mar 2021 #2

Response to TexasTowelie (Original post)

Tue Mar 30, 2021, 03:11 AM

1. Guess which party he's from!

That’s right...

The indictment alleges that Michael Eisenga, who as a major GOP donor about 10 years ago had enlisted state Republican legislators to change state law that would have reduced his child support payments, took out a loan from an Illinois credit union for commercial property in Columbus under false pretenses.

https://www.wiscnews.com/news/local/crime-and-courts/former-columbus-mayor-indicted-on-bank-fraud-charge-over-grocery-store-deal/article_6da7367f-b14e-574e-9deb-16867a7561e7.html

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Response to ZZenith (Reply #1)

Tue Mar 30, 2021, 03:58 AM

2. It does seem like over 90% of the people involved with these types of crime are Republicans.

Reading the article I was surprised that he took responsibility for what he did, but there wasn't any sense of remorse.

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