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
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
Child Pornography Trafficker Gets Decade in Prison
The government had described 29-year old Tyler L. Foote of Mattoon, Illinois as an avid
Illegal Loaded Gun Possession Lands Convicted Felon 15 Years
A convicted felon has earned 15 years in federal prison for illegal possession of a
Nearly Six Years Imprisonment for Former Chicago Police Officer
A former Chicago Police Officer has been sentenced to nearly six years in federal prison
First federal execution carried out by US since 2003
Daniel Lewis Lee, a 47-year-old man, has been executed at the federal prison in Terre
Man who fired gun into Murder Victim’s Grave sentenced
A Chicago man has been sentenced to 15 years in federal prison for firing a
37 Months Federal Prison Imprisonment for Chinese Businesswoman
A Chinese businesswoman has been sentenced to 37 months in federal prison for conspiracy to
Prison Imprisonment for Peoria Street Gang Member
Eugene Haywood has been sentenced to life in prison plus 10 years in federal prison.