UPDATE: More Trouble for Fmr. Wausau Business Owner

By: WSAW Staff Email
By: WSAW Staff Email

UPDATE: 2/6 at 3:10 pm

A former a Wausau business owner facing several fraud and theft charges is now charged with three counts of child sexual assault in Waupaca County.

According to the criminal complaint obtained by WLUK-TV, Jay Fischer, 52, is accused of repeatedly touching a girl when she was 12 to 15 years old. Online court records list the offense dates as occurring between Sept. 2010 and July 2012.

WLUK reports Fischer is the owner of Crazy J's Campground in Marion.

He's also charged with child sexual assault in Marathon County.
ORIGINAL STORY: 1/29 at 2:05 pm

A former Wausau business owner accused of 25 criminal charges including fraud, theft, and racketeering has pleaded not guilty.

According to the complaint, Jay Fischer, 52, operated a business, known as Valley Title, previously located on 17th Avenue in Wausau. Valley Title 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 received more than one million dollars from 10 real estate transactions in 2009 and 2010. He reportedly failed to pay off the old mortgages resulting in dual active mortgages on the homes. Fischer later satisfied two of the mortgages after the homeowners discovered dual mortgages on their properties.

The complaint alleges that Fischer kept approximately one million dollars from the remaining eight mortgages.

The charge of racketeering alleges that Fischer used his business, Valley Title, to embezzle money and obtain signatures on the closing documents by fraud. The complaint also charges Fischer with failing to file individual and corporate tax returns in 2009 and 2010. Fischer no longer actively operates Valley Title, according to the investigation.

Fischer is expected to head to trial in separate unrelated charge of 1st degree child sexual assault. Online court records list the offense date as September 2010, however charges were not filed until last week.

Fischer remains behind bars on a $50,000 cash bond.

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