A 67-year-old Mosinee man will spend 30 days in jail after he was convicted of making a false statement to a financial institution.
Jeffrey Tiffany was also ordered to pay a $25,000 fine, and perform 200 hours of community service.
Prosecutors say that while employed at River Valley Bank in Wausau, as a Senior Vice President, Tiffany was responsible for the handling of the insurance premium financing program with Manson Insurance, which included approving all insurance premium financing notes received from Manson Insurance for sale to River Valley Bank.
Further, the evidence showed that Tiffany caused a false statement to be made to River Valley Bank in connection with an insurance premium financing note which on its face was represented to be a legitimate insurance premium financing note signed by a maker of the note, Hardwoods Corporation. The defendant well knew this note was not a legitimate insurance premium financing note and it had not been signed by a representative of Hardwoods Corporation.
Following his release from jail, he'll spend two years on extended supervision.
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