News and Press Releases

Milwaukee Area Woman Indicted for Wire, Mail, and Credit Card Fraud

FOR IMMEDIATE RELEASE
April 15, 2014

James L. Santelle, the United States Attorney for the Eastern District of Wisconsin, announced that on April 15, 2014, a federal grand jury in Milwaukee returned an indictment charging Stacy T. Jenson of Waterford, Wisconsin, also known as Stacy T. Foote (age 50).  Ms. Jenson is charged with seventeen counts of wire, mail, and credit card fraud in violation of Title 18, United States Code, Sections 1029(a)(2), 1341, and 1343.  Ms. Jenson was formerly the owner and operator of Elite Sports, through which she organized and promoted sporting leisure time events in southeast Wisconsin.

The indictment alleges that during the period from approximately January 2009 until March 2012, Jenson carried out a scheme to defraud certain business entities, primarily her employer at the time, Industrial Electric Wire & Cable, Inc. (“IEWC”), of New Berlin, Wisconsin.  During her employment there as an office assistant, IEWC made Jenson the company’s event planner, and in that capacity, gave her access to company credit cards and checks to use to arrange various company social events.  As part of her scheme, Jenson allegedly used IEWC credit cards and checks for purposes other than those which the company had authorized, often for activities in connection with her separate and part-time “Elite Sports” business.  The indictment further alleges that Jenson fraudulently obtained a $68,000 loan in connection with the scheme. 

According to the indictment, Jenson fraudulently obtained the loan and used IEWC checks and credit cards for unauthorized purposes to steal more than 1.9 million dollars. 

Each of the fifteen mail or wire fraud charges contained in the indictment carries a maximum possible penalty of up to twenty years in prison and a fine of up to $250,000, or both.  Each of the two credit card fraud charges contained in the indictment carries a maximum possible penalty of up to ten years in prison and a fine of up to $250,000, or both.   

This matter was investigated by the Federal Bureau of Investigation and has been assigned to Assistant United States Attorney Stephen A. Ingraham for prosecution. 

The public is cautioned that an indictment is merely the formal method of presenting charges in federal court and does not constitute evidence of the defendant’s guilt.  The defendant is presumed innocent until such time, if ever, as the government establishes her guilt beyond a reasonable doubt.

 

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