A former Wausau businessman was charged Monday with racketeering, embezzlement, fraud and tax crimes on allegations that he stole $1 million from clients’ home mortgages.
Jay S. Fischer, 52, the former president of Valley Title on 17th Avenue in Wausau, was charged with 21 felony and four misdemeanor counts in Marathon County after a mortgage fraud investigation. Valley Title served as a closing agent for real estate transactions when homeowners refinanced mortgages or bought a house.
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