Former Columbus mayor pleads guilty to bank fraud in real estate development case [View all]
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, it’s 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)
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