Douglas A. Nickerson, 45, of Janesville, Wisconsin, pleaded guilty Friday to embezzling some $560,000 from the General Casualty Insurance Company in Sun Prairie, Wisconsin, where he had been employed as a manager. According to the indictment, Nickerson had checks written to three co-conspirators, under the guise as legitimate insurance claims. The co-conspirators, including David A. Janssen, 47, of Oregon, then deposited the checks, kept a portion for themselves, but kicked back most the money to Nickerson. Janssen and Nickerson were both indicted last June. Over $800,000 was reportedly misappropriated, some $560,000 went back to Nickerson. Janssen is expected to plead guilty to violating federal tax laws for failing to report the money he received in the scheme, which lasted from 2003 until 2008. Nickerson faces up to 10 years in prison upon sentencing, scheduled for next February 16th.
Read the story here.
Read the DOJ announcement here.
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