Columbus businessman and former mayor Michael Eisenga has been sentenced to 3-1/2 years in federal prison for defrauding an Illinois credit union on a $6.9 million loan application, according to a report in the Wisconsin State Journal. Eisenga, 49, also was ordered to repay just over $4 million to the lender, Alliant Credit Union of Rolling Meadows, Illinois. He was ordered to report to prison on July 30.
A federal bank fraud indictment alleged that Eisenga applied for the loan by claiming a Columbus property was under a 20-year lease with Festival Foods and the lease was guaranteed by Supervalue Holdings Inc. The lease and the guarantee were not genuine, according to the charges.
