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, its 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)