Man sentenced to 78 months in prison over defraud charges of $500000

Man sentenced to 78 months in prison over defraud charges of 0000

Timothy J. Herman, a former McLean County man, has been sentenced to 78 months (6 and ½ years) in prison by the senior US District Judge, Michael M. Mihm. Herman, 59-year-old, was facing the charges of embezzling an elderly woman of Peoria. He acquired more than $500000 from the lady in a fraudulent way. The sentencing hearing of the case was concluded on Nov. 15, 2019.

The court ordered Herman to pay $509325 as a restitution amount. The US Marshal Service took him into its custody for transferring him to the Bureau of Prisons. Judge Mihm also included the supervised release for five years following his release. According to the court documents, Herman was involved in a fraudulent scheme from 2013 to 2017. Herman was convicted over the fraudulent charges following a bench hearing in March 2019.

He offered a fake investment opportunity to an elderly lady through his church. Herman used the money acquired from the lady for paying the mortgage payments and bank loans. He did not invest the money he got from the lady. He also spent that money on taking cruises and living beyond his means.

The federal Bureau of Investigation and the US Postal Inspection Services interviewed him in December 2017. He made false statements about his scheme in front of the law enforcement officers. He was also convicted over the charges of making false statements to law enforcement officers. Apart from it, he defrauded a Minneapolis-based marketing company. Delta Direct, the company of Herman, worked with the marketing company.

The marketing company made a deposit of $300000 in an account controlled by Herman. He started embezzling the funds from the account. He was removed from the business over his fraudulent acts. The marketing company waived $149000 in restitution. Derilynn Knauss, a supervisory assistant US attorney, led the prosecution in the embezzlement case. Financial fraud is a common crime in the US as 13% of older Americans become victims of it each year.

Senior editor of the Chicago Morning Star

Related Posts
Two Federal Defendants Indicted on Charges Related to Attempted Escape from Sangamon County Jail
SPRINGFIELD, Ill. – Two federal defendants who were housed at the Sangamon County Jail, in
Rockford Man Sentenced to 9 Years in Federal Prison for Distributing Cocaine and Illegally Possessing Firearm
ROCKFORD — A Rockford man was sentenced Wednesday by U.S. District Judge John Z. Lee
Child Sex Crimes Lands 36-year old 90 Years in Prison
36-year-old Gary L. Boyle of Decatur, Illinois has been sentenced to 50 years in federal
Former Metro East Elementary School Principal to Serve Prison Sentencing for Embezzlement
Former Principal of St. John the Baptist Elementary School in Smithton, Illinois Roy Joseph Monti
Federal court sentences Alton man to 87 months over firearm possession charges
Matthew L. Richardson, a 32-year-old Alton man, has been sentenced to more than 7 years
Chicago convicted felon sentenced to 11 years in prison for gun possession charges
Ramone Shaffers, a convicted felon from Chicago, has been sentenced to 11 years in federal
Turkey sentences controversial TV personality and religious preacher to over 1000 years in prison
A Turkish court sentenced 64-year-old Adnan Aktar, a controversial TV personality, to over 1000 years
Sexual Exploitation of a Child Lands Decatur Man 22 Years in Federal Prison
Daniel A. Betty, 28, of Decatur, Ill., is sentenced to serve 22 years in federal
27 Years in Prison Sentencing for Chicago Street Gang Member
Chicago street gang’s member has been sentenced to 27 years in federal prison for engaging
Health Care Fraud Results in Prison Sentencing for Metro East Dentist
Defrauding Illinois Medicaid out of hundreds of thousands of dollars over a period of several