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MADISON — Attorney General J.B. Van Hollen announced today the filing of a complaint charging Jay Fischer with securities fraud, perjury, and bail jumping. The complaint filed in Waupaca County on Thursday, May 2, 2013, included four felony counts.
According to the complaint, Fischer committed the crimes in relation to his ownership and operation of a business named Crazy J’s Campground, Inc, located in Waupaca County. Fischer purchased the campground on a land contract in January 2011. The campground purchase required Fischer to make a 10 percent down payment at the time of purchase.
The complaint states that Fischer committed securities fraud and perjury as part of making the down payment to the campground. Fischer allegedly committed securities fraud when he solicited four investors to provide him with the majority of the money he used for the down payment. He later allegedly committed perjury in August 2012 when he made a false statement under oath regarding other funds he used toward the down payment. Fischer had two felony bonds pending at time of these crimes, which formed the basis of the bail jumping charges.
Fischer previously operated a business, known as Valley Title, Inc., in Marathon County where he served as a closing agent for real estate transactions. Homeowners utilized Valley Title as a title agent when refinancing a mortgage or purchasing a house. According to the complaint, Fischer embezzled more than one million dollars from ten real estate transactions in 2009 to 2010 through his operation of Valley Title. Fischer presently has pending criminal cases in Marathon County involving alleged crimes committed through his operation of Valley Title.
The Wisconsin Department of Justice -- Division of Criminal Investigation (DCI) investigated this case. Assistant Attorney General Winn Collins represents the State of Wisconsin in this prosecution.
A copy of the complaint is available at the following link:
While Fischer has been charged with criminal offenses, he is presumed innocent at this time. The State has the burden to prove him guilty of the offenses beyond a reasonable doubt.