Kankakee Funeral Home Owner Faces Additional Fraud Charges
Urbana, Ill. – A federal grand jury today returned a superseding indictment that charges Kankakee, Ill., funeral home owner David M. Senesac with additional fraud charges. Senesac, 68, of the 2300 block of River Road, Kankakee, was previously indicted by a grand jury in December 2010 and charged with bank fraud and money laundering related to an alleged scheme to defraud a Bourbonnais bank in 2007. The additional charges, returned today, allege that Senesac fraudulently collected $8,000 in insurance death benefits for an individual in 2010.
According to the indictment, Senesac owned and operated Senesac Funeral Home on Washington Avenue in Kankakee at the time of the alleged fraud schemes. The additional charges of mail fraud allege that Senesac falsely represented to an insurance company that an individual had died in order to collect the $8,000 death benefit. In February 2009, the individual changed the life insurance primary beneficiary to Senesac to pay for funeral services and burial upon his death. In March 2010, Senesac allegedly submitted false statements to the insurance company, including a claim form for death benefits, a forged Indiana death certificate, and a false statement of expenses that the funeral home had provided for the individual’s funeral and burial. In fact, according to the indictment, in May 2010, when the individual contacted the insurance company to ask why his account was no longer being debited for the policy’s premium payment, he learned that Senesac had falsely reported that he was deceased.
In December 2010, the grand jury charged Senesac with two counts of bank fraud and one count of money laundering in an alleged scheme to defraud a bank to obtain a loan of more than $500,000 in 2007. The indictment alleges that in September 2007, Senesac submitted a letter to the bank that falsely represented that the funeral home had an appraised value of $750,000 when in fact, in August 2007, the funeral home was appraised at a value of $300,000. In addition, Senesac allegedly submitted a fraudulent federal tax return for 2006 that falsely reflected his gross income at $178,419 when the actual filed federal return reported a negative adjusted gross income, or loss, of $202,154. Based on Senesac’s false representations, the bank loaned Senesac $562,500.
If convicted, each count of bank fraud (two counts) carries a maximum statutory penalty of 30 years in prison; for mail fraud (two counts) up to 20 years in prison; and, for money laundering (one count), the maximum statutory penalty is five years in prison.
Senesac is currently scheduled for trial on the bank fraud charges on Nov. 14, 2011; a date for Senesac’s arraignment on the additional charges will be determined by the U.S. Clerk of the Court.
Members of the public are reminded that an indictment is merely an accusation; the defendant is presumed innocent unless proven guilty.
The charges are the result of an investigation by the Criminal Investigation Division of the Internal Revenue Service and the U.S. Secret Service. The case is being prosecuted by Assistant U.S. Attorney Eugene L. Miller.
James A. Lewis
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