Former Columbus Mayor Convicted of Credit Fraud | USAO-WDWI

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Madison, Washington. – Timothy M. O’Shea, Acting US Attorney for the Western District of Wisconsin, announced that Michael Eisenga, 49, Columbus, Wisconsin, was sentenced yesterday by US District Judge William Conley to 42 months in prison for credit fraud. … The prison sentence will be followed by a five-year supervised release. Eisenga pleaded guilty to the charges on March 25, 2021. He was also ordered to pay compensation in the amount of approximately $ 4,000,000. Eisenga was ordered to begin serving his sentence in July, when he appears in prison.

Eisenga owned several businesses, including CCC Lot 2, LLC, which was a Wisconsin company with its primary business location in Columbus, Wisconsin. On behalf of CCC Lot 2, Eisenga applied for and received from a credit union in Illinois a commercial mortgage in the amount of $ 6.9 million. He convinced the credit union to issue the loan, presenting, among other things, that he had already secured Festival Foods Inc. as a tenant of the property through a 20-year lease and that another company, Supervalue Holdings Inc., guaranteed the lease.

After Eisenga failed to repay the loan, the credit union ultimately discovered that the parties to the alleged lease and lease guarantee that Eisenga had provided to the credit union had never signed the documents, and their respective companies had never entered into any such agreements with Eisenga. The documents were completely forged, and such a lease or lease guarantee never existed.

The charge against Eisengi was the result of an investigation by the Federal Bureau of Investigation. The United States would also like to express its gratitude to the Western District of Wisconsin US Trusteeship Office for their assistance. The case was prosecuted by Assistant US Attorney Meredith P. Dyushemin.

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